EURUSD/EURJPY: Falls To Support After Pull This Morning (Buy)

EURUSD & EURJPY: has fallen sharply this morning August 4, 2017, falling as much as -4% (High at 1.19102, Low at 1.174321). The fall to key support was a direct result of the US employment data being bullish for the dollar;Thus, the Japanese yen, viewed also as a safe heaven to that of the dollar, also turned bullish against the EUR. However, these key support levels are very good opportunities to buy as the EURO will try to continue to push higher.

Strategy:

Plan A (EURUSD): Buy at 1.730 – 1.770, Target Price 1.92/1.95, Stop Loss 1.650

4-Hour Chart EURUSD

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PlaMy Sitesn A (EURJPY): Buy at 130.000 – 130.300, Target Price 132/133, Stop Loss 1.280

4-Hour Chart EURJPY

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