Hello traders,
Due to the summer and the cooling down on the markets - trends becoming weaker, I have decided for this week to present you instead of one - two trading plans, but with a more short term approach. The second plan will be posted on Thursday and for now enjoy this one!
You can check out the video with full technical analysis on our Youtube channel.
Also for Live Signals based on those plans you can join our Telegram.
Below you will find a short fundamental analysis for this week as well as all the zones we talk about in the video in numbers:
Zones:
H4 Resistance Area - 126.90 to 127.25
H4 Support Area (Main Target) - 125.38 to 125.00
H4 Next Resistance Area - 128.25 to 128.55
M15 Zone of Confirmation - 126.50 to 126.28
Fundamental Analysis:
The high importance reports for this week came out today and we had some unsatisfying results. Although the Eurozone GDP came out positive, the one for the biggest and strongest economy in the EU - Germany, came out negative. So this does not mean the euro is about the strenghten.
By the end of the week we don’t have anymore High importance reports.
Also there are none Medium importance reports, so I believe the downtrend on the EUR/JPY currency pair will continue with a slow pace.
I wish all of you a great summer week and of course a lot of profits! :)
Due to the summer and the cooling down on the markets - trends becoming weaker, I have decided for this week to present you instead of one - two trading plans, but with a more short term approach. The second plan will be posted on Thursday and for now enjoy this one!
You can check out the video with full technical analysis on our Youtube channel.
Also for Live Signals based on those plans you can join our Telegram.
Below you will find a short fundamental analysis for this week as well as all the zones we talk about in the video in numbers:
Zones:
H4 Resistance Area - 126.90 to 127.25
H4 Support Area (Main Target) - 125.38 to 125.00
H4 Next Resistance Area - 128.25 to 128.55
M15 Zone of Confirmation - 126.50 to 126.28
Fundamental Analysis:
The high importance reports for this week came out today and we had some unsatisfying results. Although the Eurozone GDP came out positive, the one for the biggest and strongest economy in the EU - Germany, came out negative. So this does not mean the euro is about the strenghten.
By the end of the week we don’t have anymore High importance reports.
Also there are none Medium importance reports, so I believe the downtrend on the EUR/JPY currency pair will continue with a slow pace.
I wish all of you a great summer week and of course a lot of profits! :)
