The Japanese central bank bought £5 million worth of ETFs today amid the 4% drop in the Nikkei, showing some signs that they may be more flexible with ETF purchases.
That said, they still hold a commitment to buy roughly £6 trillion worth of ETFs at an annual average pace so that is something to consider unless communicated otherwise. I mean, what better timing to buy more when the market is down. *wink* *wink*
Analyzing the current trading chart of EUR/USD, I found that there is strong reversal day for the EUR and that sellers are in total control today.
My advice is to watch for selling opportunities on the rallies with the downside target at 1,2035.
Support levels: 1,2035
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.