risk on/off
As we all know the EUR and the JPY are both weak currency (QE and QQE), but here is where the risk on/off may play a big role, in this case they are one opposite to the other. I believe a risk off type of investment is just around the corner and so this cross could play very well.
Technically a big reversal pattern is on its way, we are already in the first area of interest to short it, from a risk/reward prospective the second area it's surely better.
Technically a big reversal pattern is on its way, we are already in the first area of interest to short it, from a risk/reward prospective the second area it's surely better.
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.