EURJPY: growth after the publication of data on Germany's foreign trade

February 9, 2015

EURJPY

Buy on a level breakthrough of 135.29 with 137.24 target. Stop loss = 134.70.

Reason for the trading strategy

In December, Germany's trade balance rose from 17.9 billion to 21.8 billion euro. Growth of this indicator, included in the structure of the country's GDP, is likely to provide support for the euro cross rates. In addition, the weakness of the yen against the dollar supports additional interest in buying the EUR/JPY pair.

EURJPY, H4

Publication source
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