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Hi all,
I expect E/Y to stay around 137,5 (100 DMA) until Thursday/Friday (ECB rate decision/NFP). My general view on the pair remains bearish for few obvious reasons. First, for weeks now, EU officials are trying to down talk EUR whenever they got the chance to, second, old German - Greek lender / spender ties are being pulled out of the closet AGAIN, Greece being such a good bear friend works perfect again for fundamental devaluation on demand, on technical side my general view is that all Yen pairs should undergo some fine-tuning down south, prior additional weakness in Yen and the stabile and concrete move to new highs.
I wish good trades to everyone this month, stay cool!
m.
I expect E/Y to stay around 137,5 (100 DMA) until Thursday/Friday (ECB rate decision/NFP). My general view on the pair remains bearish for few obvious reasons. First, for weeks now, EU officials are trying to down talk EUR whenever they got the chance to, second, old German - Greek lender / spender ties are being pulled out of the closet AGAIN, Greece being such a good bear friend works perfect again for fundamental devaluation on demand, on technical side my general view is that all Yen pairs should undergo some fine-tuning down south, prior additional weakness in Yen and the stabile and concrete move to new highs.
I wish good trades to everyone this month, stay cool!
m.
