Friday, July 20, 2018
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EUR/JPY 27/06/18 | EconAlerts

Technical Analysis – EUR/JPY the bearish outlook remains intact

EUR/JPY in neutral bias after climbing above 23.6% Fibonacci mark. EUR/JPY holds above the 23.6% Fibonacci retracement level of the down-leg from 137.50 to 124.60, around 127.65 in the 4-hour chart but lost its strong momentum from yesterday. From the technical point of view, the momentum indicators are supportive of the short-term neutral

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EUR/JPY 20/06/18 | EconAlerts

Technical Analysis – EUR/JPY the bearish outlook remains intact

EUR/JPY rises to 23.6% Fibonacci level after sharp sell-off. EUR/JPY pared some of Tuesday’s losses and re-challenged the 23.6% Fibonacci retracement level of the down-leg from 137.50 to 124.60, around 127.65. The momentum indicators are supportive of the short-term bullish correction, with the RSI flattening into negative, the MACD oscillator approaching the trigger line, while stochastic

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euro bank note | EconAlerts

Euro outlook clouded by politics, easing economic momentum; recent rally a “convenient” time to sell?

Eurozone’s common currency finished 2017 on a strong note versus the US dollar, advancing by 14.1% to render itself the best performing major currency. Largely euro-friendly election outcomes and economic data pointing to an ever-improving growth outlook were instrumental for the euro’s strong performance. The current year, though, is presenting

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