December 04, 2018 08:36:00: EUR/JPY and EUR/USD trading strategies [From Mr. Satoru Emori's newsletter]
From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s distribution. This time, please take a look at the trading strategies for EUR/JPY and EUR/USD.
EUR/JPY will remain long. However, it is overbought, so if it fails to break above 129.60, a correction seems likely. The fair value is 128.80. The long-term trend is 128.40.
EUR/USD will unwind the short and go long anew. The fair value is 1.1315. The long-term trend is 1.1655.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quote.
EUR/USD is moving around the mid-1.13s, showing little volatility. We would like to see a rise from here. (Editorial Department)
EUR/USD, 1-hour chart.
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