OctaFX | OctaFX Forex Broker
main_menu_masthead_awards
Konto eröffnen Anmelden
de
    OctaFX | OctaFX Forex Broker
    Anmelden
      Konto eröffnen
      Back

      EUR/JPY: downside playing out on risk-off

      FXStreet (Guatemala) - EUR/JPY is currently trading at 133.51 with a high of 134.99 and a low of 133.42.

      EUR/JPY has been pressured below the 200 SMA on the hourly chart and continues to find offers with little attempt of a recovery from the bulls as yet while the Yen garners strength as equities are failing to bounce back as we progress through the week, favouring the Yen as a safe haven while the IMF have recently explained that China still poses a risk to Global growth.

      EUR/JPY downside levels

      Technically, for the near term, the next key support stands at 133.10 that guards the 132.24/131.80 recent lows and 61.8% retracement. Further out, Karen Jones, chief analyst at Commerzbank explained, "Slightly longer term we remain negative and we target the 2013-2015 support line at 127.59 currently. Initial support will be the 131.80 then 129.28 Fibonacci retracements of the move seen this year."

      United States 2-Year Note Auction climbed from previous 0.66% to 0.7%

      United States 2-Year Note Auction climbed from previous 0.66% to 0.7%
      Mehr darüber lesen Next
      Start livechat