USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
Trade ideas for EUR/JPY
Information is not investment advice
EUR/JPY is correcting up. There’s a bullish impulse on H4. However, the overall trend remains bearish. Moving averages are in a negative position. As a result, we think about selling the pair on rallies.
The upcoming events will surely bring volatility: the euro area will release flash CPI figures at 12:00 MT time today. In addition, the European Central Bank will meet on Thursday. All in all, the euro area has a lot of economic and political problems and is vulnerable to China’s economic slowdown, so we don’t think that the euro will be able to reverse to the upside.
Elizabeth Belugina
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Levels to trade EUR/USD
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
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USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
EUR/USD reminded about a slingshot strategy
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
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