The euro rose earlier today to the highest level in five days, but failed to break 128.50 and lost strength. The slide extended below the 20-hour moving average and it is testing 128.00. Technical indicators in the short-term point to more losses ahead of the Asian session with the next relevant intraday support seen at 127.70 (Oct 30 low). A recovery back above 128.15 would remove the negative momentum while a consolidation on top of 128.50, more gains are likely. EUR/JPY 15-minute hour chart Spot rate: 128.00 High: 128.43 Low: 127.72 Resistance 1: 128.15 Resistance 2: 128.50 Resistance 3: 128.70 Support 1: 127.95 Support 2: 127.70 Support 3: 127.40 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 Market volatility: It’s not the economy – Nomura FX Street 4 years The euro rose earlier today to the highest level in five days, but failed to break 128.50 and lost strength. The slide extended below the 20-hour moving average and it is testing 128.00. Technical indicators in the short-term point to more losses ahead of the Asian session with the next relevant intraday support seen at 127.70 (Oct 30 low). A recovery back above 128.15 would remove the negative momentum while a consolidation on top of 128.50, more gains are likely. EUR/JPY 15-minute hour chart Spot rate: 128.00 High:… 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.
