EURJPY | Bear Flag | Time To Move Down?
EURJPY broke out from the flag and it can keep moving lower.
However the actual weakness it is not addressed to a weaker EURO
but to the threat from Russia that is joining the market again.
According to news agency:
Russia’s Shoigu: We are fighting not only with Ukraine but the Collective west - source FXStreet
So we could see EURO in trouble again also from the fundamental perspective.
Thank you and Good Luck!
EURJPY broke out from the flag and it can keep moving lower.
However the actual weakness it is not addressed to a weaker EURO
but to the threat from Russia that is joining the market again.
According to news agency:
Russia’s Shoigu: We are fighting not only with Ukraine but the Collective west - source FXStreet
So we could see EURO in trouble again also from the fundamental perspective.
Thank you and Good Luck!
Trade closed: target reached:
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