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EUR/JPY Signal - EUR Trade Balance - 13 Aug 2021

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Signal Details
Entry Price: 
129.60
Take Profit: 
129.05
Stop Loss: 
130.13
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURJPY is correcting in a bear market prior to the EUR Trade balance data, which records the total imports and exports for the Eurozone. Technically the pair is in a corrective wedge after a bearish impulse, and we anticipate continued downside now as the wedge is breaking. The RSI is showing bearish momentum and we anticipate downside into the 129.05 level.

Submitted by Toni H. on Fri, 13 Aug 2021 03:15:28 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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