With the Election being over and the status of short traders going risk off (EUR- COT report) headed into the election, one could expect Euro weakness for the rest of the month of May. The Japanese Yen may come back to life for the rest of may before settling for the summer. As a result, I’ll be looking to short the EURJPY after a lower low forms and gives confirmation on the 4 hour chart. I’ll be paying attention to key fib levels with the chance of a double top in the pair to form and then enter. Expect updates throughout the week.

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