ECB meeting: Speculation of a 50 basis point rate hike boosts the euro. Europe is facing an energy crisis and political uncertainty in the UK and Italy. EUR/GBP finds resistance at the 20 and 55-day SMA. The EUR is one of the best performers on Tuesday ahead of the European Central Bank meeting. The crossing […]
Tag: Crosses
EUR/JPY Price Analysis: More rally seen above 140.70
EUR/JPY advances for the fourth consecutive session on Monday. The next hurdle arises around the 140.30 area. EUR/JPY maintains the recovery and breaks above the 140-00 barrier, or two-week highs, on Monday. Further above is the four-month resistance line around 140.70, above which the cross is seen accelerating gains to initially the weekly high at […]
EUR/GBP falls below 0.8470, at the start of a busy week
The pound started with rises, due to a better mood in the markets. Political crisis in Italy and ongoing UK succession. ECB and UK labor market data ahead. The EUR/GBP is sliding lower on Monday, having hit a one-week high above 0.8500 on Friday. The cross is trading at daily lows at 0.8465, moving with […]
EUR/JPY Price Analysis: Gains could accelerate above 140.50
EUR/JPY rises and extends weekly bounce near 140.00. Next comes the resistance line near 140.50. EUR/JPY advances for the third session in a row and heads towards the 140.00 barrier on Friday. A further advance should clear the 4-month resistance line around 140.50 to allow continuation of the current move to initially the weekly high […]
EUR/JPY Price Analysis: Downside pressure to ease above 140.30
EUR/JPY extends weekly bounce past 139.00. It is likely to continue to rise above resistance near 140.30. EUR/JPY extends Wednesday’s move and recovers to the 139.00 zone and beyond on Thursday. Further rallies should break above the 4-month resistance line around 140.30 to allow a continuation of the rally to initially the weekly high at […]
EUR/JPY Price Analysis: The next target on the downside is the 100-day SMA
EUR/JPY moderated two consecutive daily declines on Wednesday. The resistance line around 140.00 caps the upside so far. The EUR/JPY manages to gather some traction to the upside around 138.00 on Wednesday. Meanwhile, the cross remains under pressure amid the ongoing bounce from July lows in the 136.80 region (8 Jul). As long as the […]
EUR/JPY Price Analysis: Next minor support lies at 136.16
EUR/JPY adds to Monday’s losses and challenges 137.00. Immediately to the downside, the 100-day SMA emerges. The EUR/JPY bearish tone remains unchanged in the second half of the week so far. As long as it is below the 4-month resistance line around 140.00, further losses should remain on the table with the initial target at […]
EUR/JPY Price Analysis: Further losses likely while below 139.85
EUR/JPY is trading inside an unfinished range on Monday. The 139.85 zone limits the upside for now. EUR/JPY alternates gains with losses in the 138.00 zone at the beginning of the week. Meanwhile, the cross remains under pressure amid the ongoing bounce from July lows in the 136.80 region (8 Jul). If it continues to […]
USD/TRY remains capped and hits 2-week highs near 17.20
USD/TRY extends the break of the 17.00 level. The lira remains weak in line with the rest of the risk space. All attention is on the current account for May and the year-end CPI forecast for the month of July tomorrow, Friday. Another day, another drop in the Turkish lira, and this time raising the […]
EUR/JPY Price Analysis: The Downtrend Continues
EUR/JPY attempts a slight rebound after Wednesday’s pullback. Immediately below is the 100-day average. EUR/JPY manages to regain some composure and advances towards the 139.00 area, although gains have not been sustained so far and it looks vulnerable. The cross now faces a lower outlook after breaking below the four-month support line today around 139.45. […]
