“¢ The cross remained under some selling pressure through the mid-European session on Tuesday and eroded a part of the previous session’s goodish up-move to fresh YTD tops. “¢ However, given that the pair has been trending higher alongside an ascending channel formation since early January clearly points to a well established near-term bullish trajectory. “¢ This coupled with the last week’s sustained move beyond 50-day SMA add credence to the constructive outlook and support prospects for an extension of the recent up-move. “¢ Meanwhile, oscillators on the 1-hourly chart have been losing momentum but have just started gaining traction on the daily chart, indicating dip-buying interest at lower levels. “¢ Hence, any meaningful slide back towards the key 125.00 psychological mark might be seen as a buying opportunity and help limit any meaningful downside, at least for some time. EUR/JPY 4-hourly chart EUR/JPY Overview: Today Last Price: 125.89 Today Daily change %: -0.20% Today Daily Open: 126.14 Trends: Daily SMA20: 125.15 Daily SMA50: 125.16 Daily SMA100: 126.96 Daily SMA200: 128.16 Levels: Previous Daily High: 126.31 Previous Daily Low: 125.38 Previous Weekly High: 125.94 Previous Weekly Low: 124.7 Previous Monthly High: 127.07 Previous Monthly Low: 118.84 Daily Fibonacci 38.2%: 125.95 Daily Fibonacci 61.8%: 125.73 Daily Pivot Point S1: 125.58 Daily Pivot Point S2: 125.01 Daily Pivot Point S3: 124.64 Daily Pivot Point R1: 126.51 Daily Pivot Point R2: 126.88 Daily Pivot Point R3: 127.45 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 EUR/USD Technical Analysis: Euro holding above 1.1350 ahead of Fed’s Powell FX Street 4 years "¢ The cross remained under some selling pressure through the mid-European session on Tuesday and eroded a part of the previous session's goodish up-move to fresh YTD tops. "¢ However, given that the pair has been trending higher alongside an ascending channel formation since early January clearly points to a well established near-term bullish trajectory. "¢ This coupled with the last week's sustained move beyond 50-day SMA add credence to the constructive outlook and support prospects for an extension of the recent up-move. "¢ Meanwhile, oscillators on the 1-hourly chart have… 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.
