
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
2019-11-11 • Updated
Trade idea
SELL 124.00; TP 123.20; SL 124.30
EUR/JPY has made a spectacular decline this week because of the weaker euro. The pair reached our bearish targets and it’s time to set the new ones. The decline below the 38.2% Fibo at 124.20 will open the way down to the next Fibo level at 123.15. The outlook will remain negative as long as the euro’s trading below 125.00 (psychological level, 50-day MA, and the former support line).
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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