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EUR/JPY Signal - Eurozone Markit PMI - 23 May 2019

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Signal Details
Entry Price: 
122.80
Take Profit: 
123.20
Stop Loss: 
122.60
Direction: 
High
Result: 
Loss
How we trade
5/5 of 7 ratings

EURJPY has found support near 122.50 and the pair is slowly recovering ahead of the European elections and preliminary PMIs. Improved PMIs might cheer up the Euro but the upside move looks limited amid EU elections concerns. Forex traders will eye the German GDP data, Eurozone PMIs and the US PMIs in a busy Thursday. Happy trading!

eurjpy signal 23 may 2019

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.