EUR/JPY - how to trade after ECB meeting - sell on 1H
The ECB adopted yesterday a number of measures to support the weakening economy. Thus the interest rate for banks that want to park money with the central bank was lowered even further into negative territory. In addition the ECB decided to buy new bonds. The economic slowdown was stronger than expected, ECB President Mario Draghi explained the decision. He also pointed to continuing risks to the economic outlook such as the trade conflict between the US and China and the increased risk of a disorderly brexit.
-MACD baselines crossed bearish which brings sellers into the market
-regular RSI is near resistance area and stopped up movement slowly
-Bollinger bands stopped up movement and getting tighter which implements incoming bigger market movement
-MACD baselines crossed bearish which brings sellers into the market
-regular RSI is near resistance area and stopped up movement slowly
-Bollinger bands stopped up movement and getting tighter which implements incoming bigger market movement
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
