Germany’s economy is recovering faster than expected, ECB boosted its GDP and expectations for 2021, last GDP was in expansion, German labour market rising and European shooting at the 10-year high in august (+2,2%). Note that the ECB is not as as the BOE but still okay to pair EUR with JPY as the BoJ is the most among developed countries’ central banks.
Pandemic situation not getting better. Extension of lockdowns and rise of new cases in big regions. People not spending money. Risk for exports. will not hit 2% in the years to come. BoJ will stay for a long time. Economy growth could take a hit in Q3 2021.
Institutions: Taking profits from the current impulse down.
Retail noobs: Panic selling in smaller timeframes.
What I do
I put a buy limit @ 129,07 (purple circle) and I wait for the price to hit it. If the price does not hit my purple circle, there is no valid trade.