Forex Trading: EUR/JPY Bounce on the hourly trendline

Forex Trading: EUR/JPY Bounce on the hourly trendline

Published by InformedTrades
03-27-2008

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Forex Trading: EUR/JPY Bounce on the hourly trendline

Forex Trading: EUR/JPY Bounce on the hourly trendline

EUR/JPY got a nice bounce out of its hourly trendline, sitting on the back of a bid Euro. The market at this point is looking for any reason to buy Euros in an effort to take higher:

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