Wednesday, October 31, 2018

Euro Yen further up and 130 levels are the closest


Looking at the chart, we find that the pair managed to break the falling trend based on the technical support area 127 and shows the MACD forming a positive break as it shows its ability to recede towards the area of orbit at 128 and keep trading above that area for four hours, which makes us look confidently to the ability of the pair to overcome the second resistance 128.5 Beyond this resistance we will have sufficient technical justification to bet on the pair's ability to target the original target area 130

You can enter into a buy now with a stop loss of 126.50 and a profit at 130

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