December 20, 2018 08:28:00: EUR/JPY and EUR/USD trading strategy [From Mr. Teruaki 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 remains short. Fair value is 128.80 yen (as of the end of October 2018). The long-term trend is 128.45 yen.
EUR/USD remains long. Fair value is 1.1352 dollars (as of the end of October 2018). The long-term trend is 1.1620 dollars.
"Tetsu Emori's Real Trading Strategy" (Tetsu Emori)quoted.
As of 11 o'clock, EUR/USD is hovering around the 1.13-dollar level. The FOMC this time did not turn out as dovish as the market had expected, and dollar buying was dominant. (Editorial desk)
EUR/USD, 1-hour chart.