Sell on a level breakthrough of 134.66 with 133.36 target. Stop loss = 135.20.
Reason for the trading strategy
In August, the business activity index in the Eurozone's services sector rose from 54 p. to 54.4 p. and supported the euro, which rebounded from the level of $1.12. Meanwhile, as a result of today's speech given by M.Draghi, growth of the euro cross rates remains unstable. In the short term, the EUR/JPY pair could break through an important support level of 134.66.
For more information on different pairs, please follow this link http://ift.tt/1IFlkC8
Reason for the trading strategy
In August, the business activity index in the Eurozone's services sector rose from 54 p. to 54.4 p. and supported the euro, which rebounded from the level of $1.12. Meanwhile, as a result of today's speech given by M.Draghi, growth of the euro cross rates remains unstable. In the short term, the EUR/JPY pair could break through an important support level of 134.66.
For more information on different pairs, please follow this link http://ift.tt/1IFlkC8
The PMI in the Eurozone's service sector has provided a little support for the EURJPY
