26 Jul 2013
EUR/JPY bounced from 10-days low to settle at 1.07% daily loss
FXstreet.com (Chicago) - EUR/JPY bounced from 130.087 10-days low as it continued steady price decline.
Price action indicated a stronger yen as euro continued to retrace from climbing attempt earlier this week. With 1.07% loss since opening, the FXstreet technical analysis team reported pair as slightly bearish as pair broke two supports at 131.10 and 130.78.
Trading at 130.44 at moment of writing and after having bounced from 130.40 key support, the pair had MOMENTUM indicator presenting sell signals along EMA20 and SMA100 on the sell side as price navigated below averages.
Price action indicated a stronger yen as euro continued to retrace from climbing attempt earlier this week. With 1.07% loss since opening, the FXstreet technical analysis team reported pair as slightly bearish as pair broke two supports at 131.10 and 130.78.
Trading at 130.44 at moment of writing and after having bounced from 130.40 key support, the pair had MOMENTUM indicator presenting sell signals along EMA20 and SMA100 on the sell side as price navigated below averages.