Tuesday, December 10, 2019

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Technical Analysis – EUR/JPY cautiously positive

EUR/JPY moves sideways around the 120.00 level; cautiously positive. EUR/JPY looks to be undecided over the last two weeks, following the decline from the high of 121.46. Furthermore, momentum seems to have evaporated, something also backed by the 40- and 100-period simple moving averages (SMAs), which are turning slightly sideways. The short-term oscillators,

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Technical Analysis – EUR/USD confirms negative trend signals

EUR/USD reversed sharply lower last week after failing to close decisively above the 1.1072 broken neckline of the double top formation and the 50% Fibonacci of the down-leg from 1.1174 to 1.0988, confirming a trend reversal in the four-hour chart. The trend indicators are also discouraging. The 20-period simple moving average could not rise

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