EURJPY has traded into resistance prior to the EUR Ecofin meeting, which covers areas such as coordinated economic measures, budgetary policies, public finances, capital movements and financial markets. Technically the pair has pulled into the 50% retracement of yesterdays candle and the moving averages have entered a bearish cross. We anticipate continued downside.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.