EXNESS - Analytics


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EURJPY: under pressure against the background of a falling euro

Sell on a level breakthrough of 137.93 with 136.93 target. Stop loss = 138.50.

Reason for the trading strategy

In addition to the uncertainty associated with the Greek debt, the negative macro-economic statistics for the eurozone puts pressure on the euro cross rates. In April, the volume of industrial production in the euro zone grew by only 0.1% (m/m), with a forecast of 0.4% (m/m). Today, attention should be paid to the publication of the eurozone foreign trade statistics.



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