
recent bounce in EUR across the board on the month end considerations, and there is many obstacles that lie ahead of this pair. Risk aversion would be a major obstacles, and losses on European markets and negative indication on the US opening are going in favor of our trade. Japanese intervention in FX markets is not worry at all. US data lies ahead, but it is not expected to be in positive camp, and EUR/JPY would be the pair to short if that is the case.
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