The cross eases ground following tops around 126.60. EUR accelerates its losses on US-China headlines. Brexit vote next of relevance later in the day. The offered bias around the single currency is now forcing EUR/JPY to retreat from daily highs in the vicinity of 126.60. EUR/JPY weaker on US-China news The European currency intensified the daily correction lower after rumours noted the postponement of the Trump-Xi meeting that was originally expected at some point in late March. However, the persistent weakness around the Japanese safe haven is poised to limit occasional pullbacks in the cross, at least in the near term. Later in the European evening, all eyes will be upon the House of Commons once again, where MPs will vote on a potential extension of Article 50 following Tuesday’s rejection of May’s deal and yesterday’s defeat of the ‘no deal’ motion. EUR/JPY relevant levels At the moment the cross is gaining 0.23% at 126.18 facing the next up barrier at 126.56 (high Mar.14) seconded by 127.50 (2019 high Mar.1) and finally 128.04 (200-day SMA). On the other hand, a breach of 125.74 (21-day SMA) would aim for 124.27 (low Mar.8) and then 123.39 (low Jan.15). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Import prices likely to have bottomed in February – TDS FX Street 4 years The cross eases ground following tops around 126.60. EUR accelerates its losses on US-China headlines. Brexit vote next of relevance later in the day. The offered bias around the single currency is now forcing EUR/JPY to retreat from daily highs in the vicinity of 126.60. EUR/JPY weaker on US-China news The European currency intensified the daily correction lower after rumours noted the postponement of the Trump-Xi meeting that was originally expected at some point in late March. However, the persistent weakness around the Japanese safe haven is poised to limit occasional pullbacks in the cross, at least in the near… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
