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EUR/JPY Signal - EUR EcoFin Meeting - 26 Jul 2021

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Signal Details
Entry Price: 
129.921
Take Profit: 
128.950
Stop Loss: 
130.50
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURJPY is trending to the downside, and has given a pull back prior to the EUR Ecofin meeting, which covers areas such as coordinated economic measures, budgetary policies, public finances, capital movements and financial markets. Technically the pair has broken the support trendline following a bounce out of resistance, and the RSI has turned bearish. We anticipate downside to 128.950.

Submitted by Toni H. on Mon, 26 Jul 2021 05:42:20 GMT

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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.

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