The Euro
has continued falling for today versus the Yen and we can see on the 4 hour
chart that the price has come very close to touching the 137.00 level. In the
past we can see that the last time the price touched the 138.00 level, it
bounced from that zone to the downside and has kept on falling. If we see a
visit to the 137.00, that level could act as a good support and stall the price
there, maybe even bounce to the upside. Therefore, we must be attentive to a
possible visit to that zone, because we may see a bullish bounce from there.
"EUR/JPY is getting closer to the 137.00 level" and slowing down maybe we can see a bounce from the 137 level to the upside.
ReplyDeleteThe EURUSD is at minimum level of nine months.
ReplyDeletethe euro is very week for so long and i dont see any sign of regaining strength
ReplyDeleteVery informative! Thanks.
ReplyDeleteGood analysis, thanks.
ReplyDeleteI think you are right, we might see some bounce from that level.
ReplyDeleteThank you for the info!
ReplyDelete