EUR/JPY fell for the second straight day, as the Euro (EUR) weakened despite European Central Bank (ECB) members' hawkish rhetoric. In the early Asian session, the EUR/JPY is trading at 141.83, above its opening price by 0.10%, after hitting a weekly high of 143.63 on Wednesday.
EUR/JPY fell for the second straight day, as the Euro (EUR) weakened despite European Central Bank (ECB) members' hawkish rhetoric. In the early Asian session, the EUR/JPY is trading at 141.83, above its opening price by 0.10%, after hitting a weekly high of 143.63 on Wednesday.
EUR/JPY Price action
The EUR/JPY daily chart portrays the formation of a three-candlestick chart pattern, an evening star, which implies that the pair might be headed lower. However, Japanese Yen (JPY) bulls must reclaim 141.61, so the EUR/JPY could test the 200-day Exponential Moving Average (EMA) at 141.05. A breach of the latter could open the door for further downside.
Conversely, if Euro (EUR) bulls move in and reclaim 142.00, that could pave the way for them to reclaim the 100-day EMA and the confluence of the 20/50-day EMAs. Once the EUR/JPY breaks above 142.00, the 100-day EMA at 142.33 would be challenged. Upside risks lie at the confluence of the 20/50-day EMA at 142.55/60, on its way toward 143.00.
Oscillators like the Relative Strength Index (RSI) are in bearish territory but shifted flat, and meaning sellers are taking a respite. The Rate of Change (RoC) shifted gears and turned bearish, signaling that sellers are in control.
The EUR/JPY daily chart portrays the formation of a three-candlestick chart pattern, an evening star, which implies that the pair might be headed lower. However, Japanese Yen (JPY) bulls must reclaim 141.61, so the EUR/JPY could test the 200-day Exponential Moving Average (EMA) at 141.05. A breach of the latter could open the door for further downside.
Conversely, if Euro (EUR) bulls move in and reclaim 142.00, that could pave the way for them to reclaim the 100-day EMA and the confluence of the 20/50-day EMAs. Once the EUR/JPY breaks above 142.00, the 100-day EMA at 142.33 would be challenged. Upside risks lie at the confluence of the 20/50-day EMA at 142.55/60, on its way toward 143.00.
Oscillators like the Relative Strength Index (RSI) are in bearish territory but shifted flat, and meaning sellers are taking a respite. The Rate of Change (RoC) shifted gears and turned bearish, signaling that sellers are in control.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.