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EURJPY: growth against the background of a likelihood of Greece obtaining new loans

Buy on a level breakthrough of 136.46 with 137.32 target. Stop loss = 135.90.

Reason for the trading strategy

Yesterday, the ECB maintained the loan ceiling provided to the Greek banks in the framework of the ELA program at the level of 90.4 billion euro. The European Commission President Jean-Claude Juncker expects that an agreement on a third assistance program to Greece will be reached by August 20. The news is positive for the euro assets.



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