“¢ The cross continues losing ground for the fifth consecutive session and has been falling alongside a downward sloping trend-channel formation on the 1-hourly chart. “¢ Mixed Euro-zone PMIs did help the cross to defend the trend-channel support, albeit technical set-up clearly suggests an extension of the near-term downfall. “¢ The cross remains below 50/100/200-hour SMA and technical indicators are also holding in negative territory, reinforcing the near-term bearish outlook. EUR/JPY 1-hourly chart Spot rate: 129.98 Daily High: 130.38 Daily Low: 129.74 Trend: Bearish Resistance R1: 130.45 (trend-channel hurdle) R2: 130.80 (100-period SMA H1) R3: 131.16 (R2 daily pivot-point) Support S1: 129.74 (current day swing low) S2: 129.21 (50-day SMA) S3: 128.90 (S3 daily pivot-point) 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 Ethereum price analysis: ETH/USD breaks trendline resistance; MyEtherWallet releases MEWconnect app FX Street 5 years "¢ The cross continues losing ground for the fifth consecutive session and has been falling alongside a downward sloping trend-channel formation on the 1-hourly chart. "¢ Mixed Euro-zone PMIs did help the cross to defend the trend-channel support, albeit technical set-up clearly suggests an extension of the near-term downfall. "¢ The cross remains below 50/100/200-hour SMA and technical indicators are also holding in negative territory, reinforcing the near-term bearish outlook. EUR/JPY 1-hourly chart Spot rate: 129.98 Daily High: 130.38 Daily Low: 129.74 Trend: Bearish Resistance R1: 130.45 (trend-channel hurdle) R2: 130.80 (100-period… 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.
