EURJPY BUY ON DIP

EUR - BULLISH
1️⃣ PMI data confirmed the Eurozone private sector activity grew in July by the most since June 2018 while the retail trade report showed the bloc's sales bounced back to pre-pandemic levels.
2️⃣ ADP report showed the US private sector added nearly 170K jobs during last month, missing consensus badly.
3️⃣ The euro enjoyed its best month in a decade during July supported by a massive relief package agreed by EU leaders and dollar weakness.

JPY - BEARISH
1️⃣ The Japanese government plans to decide at a cabinet meeting on Friday to use over 1 trillion Yen from its reserves for responding to the COVID-19 epidemic, after added 1,200 new cases on Tuesday.

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Technical
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📊 We look to long this pair on RBS level on H1 chart.
📊 EURJPY in bullish zone.