david.cummins.581
Long

Euro looking to rally.

FX:EURJPY   Euro / Japanese Yen
It looks to me like the Euro             is starting to rally after a very tough period for the currency. Here we can see on the weekly chart that the pair hasn't been able to make any new lows for at least a month. The moving averages have also crossed over in a bullish manner and we have some candle conformation in the form of some big bull candles with small wicks. The signs to me all look up. However there is a small resistance level around 136.51 so i would wait for a close above this level to pull the trigger on the trade. It also seems Greece is getting there act together somewhat so this is also a good thing for the long term. My price target is 147.29 and i have my stop set at 132.76. Zoom the chart out a little to get a look at the bigger picture
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