(VIANEWS) – EUR/JPY (EURJPY) is currently on bullish momentum. At 05:06 EST on Monday, 11 October, EUR/JPY (EURJPY) is at 130.6040, 0.58% up since the last session’s close.
EUR/JPY (EURJPY) Range
Concerning EUR/JPY’s daily highs and lows, it’s 0.712% up from its trailing 24 hours low of $129.68 and 0.496% up from its trailing 24 hours high of $129.96.
EUR/JPY’s yearly highs and lows, it’s 7.385% up from its 52-week low and 2.625% 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
- Eur/usd struggles below 1.1600 as USD licks nfp-led wounds. According to FXStreet on Monday, 11 October, "The current indecision among the EUR/USD traders could be linked to the US dollar’s latest rebound, amid risk-off mood, in contrast to the doubts over Fed tapering and an absence of bond traders. ", "Other than the US dollar performance, a lack of clarity among the European Central Bank (ECB) board, concerning the central bank’s next move, joins the policymakers’ reflation fears to weigh on the EUR/USD prices. "
- According to FXStreet on Friday, 8 October, "The EUR/USD pair gained traction in the early American session but the disappointing US Nonfarm Payrolls report appears to be the primary catalyst rather than Lagarde’s remarks. "
- Eur/usd price analysis: dead cat’s bounce. According to FXStreet on Friday, 8 October, "In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1946."
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