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EUR/JPY Signal - EUR Trade Balance - 9 Nov 2021

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Signal Details
Entry Price: 
130.80
Take Profit: 
131.80
Stop Loss: 
130.20
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURJPY has traded into support prior to the French Trade Balance data, which shows the difference between imports and exports. Technically price is at channel support, trading in a bull flag pattern. Structure also supports price above 130.470. We anticipate a bounce into previous support turned resistance.

Submitted by Toni H. on Tue, 09 Nov 2021 04:08:15 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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