Sell on a level breakthrough of 133.55 with 132.70 target. Stop loss = 134.05.
Reason for the trading strategy
The expectations of a decline in the producer price index in the euro zone in August put pressure on the euro cross rates. At a breakthrough of the 133.55 level, opening short positions for the EUR/JPY pair is worth considering.
Reason for the trading strategy
The expectations of a decline in the producer price index in the euro zone in August put pressure on the euro cross rates. At a breakthrough of the 133.55 level, opening short positions for the EUR/JPY pair is worth considering.
EURJPY: consolidation higher than the 133.55 level
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