Although the single currency rebounded to 123.73 early last week, the subsequent selloff from there dampened our bullish view, our long position entered at 122.50 was stopped at 121.90 and price even fell below 121.00 level today.
In short, only 1 position was entered last week with total loss of 60 points and the position is stated below.
10 Jan : EUR/JPY – Long at 122.50, exited at 121.90 (- 60 points)
| AUD EUR/JPY EUR/GBP CAD
Jan + 5 -95 – 40