EUR/JPY Testing Crucial Support Near 126.30

Key Highlights The Euro climbed towards 127.50 before starting a downside correction against the Japanese Yen. A key bullish trend line is in place with support at 126.30 on the 4-hours chart of EUR/JPY. The Euro Area Retail Sales increased 1.3% (MoM) in Jan 2019, better than the +1.2% forecast. The US ADP Employment figure for Feb 2019 will be released today, whi...
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EUR/JPY – Euro at Risk of More Declines Vs Japanese Yen

Key Highlights The Euro faced a lot of offers near 133.00 against the Japanese Yen, and started a downside move. There is a major bearish trend line forming with resistance at 132.40 on the 4-hours chart of EUR/JPY. Euro Area’s Retail Sales in Sep 2017 increased 0.7% (MoM), more than the forecast of +0.6%. Spain’s Industrial Output Cal Adjusted for Sep 2017 wi...
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