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EUR/JPY Signal - EUR Retail Sales Data - 4 Aug 2021

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Signal Details
Entry Price: 
129.455
Take Profit: 
128.740
Stop Loss: 
130.010
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURJPY has done a break and retest pattern, with support now turned resistance prior to the EUR Retail Sales data, which measures the total receipts for retail stores in the Eurozone. Technically the forex pair has broken below a key level, and both the trendline and moving averages are above as resistance. We anticipate downside to continue into the 128.740 level.

Submitted by Toni H. on Wed, 04 Aug 2021 05:12:42 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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