EUR/JPY Bullish Momentum: 0.91% Up In The Last 5 Sessions

(VIANEWS) – EUR/JPY (EURJPY) has been up by 0.91% for the last 5 sessions. At 10:09 EST on Thursday, 20 June, EUR/JPY (EURJPY) is $170.29.

EUR/JPY’s yearly highs and lows, it’s 15.222% up from its 52-week low and 0.622% down from its 52-week high.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY’s Forex is considered to be oversold (<=20).

News about

  • Eur/usd price analysis: holds below 1.0750 ahead of US retail sales data. According to FXStreet on Tuesday, 18 June, "The EUR/USD pair trades on a softer note near 1.0730 on Tuesday during the early European trading hours. ", " According to the 4-hour chart, EUR/USD keeps the bearish vibe unchanged as the major pair holds below the key 100-period Exponential Moving Average (EMA). "
  • According to FXStreet on Wednesday, 19 June, "The EUR/USD pair has continued to stabilize, but still seems to lackenough steam to meaningfully reboundgiven lingering political risk and fiscal concerns weighing on the common currency, ING FX strategists note.", "The eurozone calendar only includes a speech by the European Central Bank’sMarioCenteno today, and we still think the unstable risk environment and downside risks for peripheral bonds will keep EUR/USD capped in the near term."
  • Eur/usd escapes Wednesday’s holiday volatility trap, set for wait to meaningful data. According to FXStreet on Wednesday, 19 June, "The EUR/USD is currently facing resistance from the 200-hour Exponential Moving Average (EMA) at 1.0767, making it challenging for the currency pair to surpass the 1.0750 mark. ", "If this trend continues, the EUR/USD could experience a downside reversal, potentially leading to new lows for 2024, possibly falling below 1.0600."
  • Eur/usd price analysis: seems vulnerable while below 1.0800 confluence support breakpoint. According to FXStreet on Wednesday, 19 June, "The said handle should act as a key pivotal point, which if cleared decisively might prompt a short-covering rally and lift the EUR/USD pair towards the 1.0865-1.0870 supply zone en route to the 1.0900 round-figure mark.", "The EUR/USD pair might then accelerate the fall towards the 1.0650-1.0640 support zone before dropping to the 1.0600 mark, or the YTD low touched in April. "
  • Eur/usd weakens below 1.0750 as eurozone political uncertainty poses downside risks for euro. According to FXStreet on Thursday, 20 June, "The EUR/USD pair weakens near 1.0730, snapping the three-day winning streak during the early European session on Thursday. "

More news about EUR/JPY (EURJPY).

Leave a Reply

Your email address will not be published. Required fields are marked *