I am bearish on the pair and advise if currency pair goes little higher just short the currency pair. it has near term support at 1.30 and if this level is taken out, the next level to watch is 1.27
In my view, EURJPY daily chart depicts bearish formation and has slipped below 120 and sustainability would trigger further selling but it is key level to watch. If it reclaims we could see short covering in the currency but till the time it stays below 120 formations is bearish
hello all,
my analysis is based on both technical and fundamentals and like all I also avoid trading during big news due to high spreads, uncertainty, slippage and execution issues.
One should always go with a small amount at first as it will help you to test your strategies and also if something goes wrong you wont lose much. So one should start with small amount first after everything has been tested and mastered, large amount can be invested.
You need to formulate your strategies in scripts and convert it into EA according to your requirements. Once converted to EA you can use it only MT4 terminal of any broker who supports the trading instruments you want to trade in.
I am positively biased in EURO and holding buy on dips view in the currency. After forming the strong base near 1.05, EURUSD is gaining strength.immediate resistance can be placed at 1.07 and once it is broken the next level to watch is 1.10
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