The cross is prolonging the leg lower for the fourth consecutive session today, coming down after hitting tops in the 132.00 neighbourhood earlier in the month albeit meeting decent support in the 129.90/85 band, where sits the 21-day sma. In spite of the correction lower, the constructive bias surrounding the cross remains unchanged while above the daily cloud. This view stays underpinned by the immediate support line off 2018 lows recorded in late May. As long as this area around 129.10/15 band holds, another visit to the 132.00 area should not be ruled out. Furthermore, the daily RSI reads 52, while the ADX at 17suggests the current trend is weak (absent). EUR/JPY daily chart Daily high: 130.75 Daily low: 129.86 Support Levels S1: 130.33 S2: 130.09 S3: 129.64 Resistance Levels R1: 131.03 R2: 131.48 R3: 131.73 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 Ripple Technical Analysis: XRP/USD appears vulnerable with the ascending wedge pattern seen, SEC verdict still awaited on whether securities laws apply FX Street 5 years The cross is prolonging the leg lower for the fourth consecutive session today, coming down after hitting tops in the 132.00 neighbourhood earlier in the month albeit meeting decent support in the 129.90/85 band, where sits the 21-day sma. In spite of the correction lower, the constructive bias surrounding the cross remains unchanged while above the daily cloud. This view stays underpinned by the immediate support line off 2018 lows recorded in late May. As long as this area around 129.10/15 band holds, another visit to the 132.00 area should not be ruled out. Furthermore, the daily RSI reads 52,… 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.
