15 Apr 2014
EUR/JPY is humbler than dust this Asia morning
FXStreet (Moscow) - EUR/JPY is unchanged on the day at 140.75, having previously posted a daily high at 140.93.
Will ZEW become a game changer?
EUR/JPY spent most part of Monday consolidating losses after opening the week with the gap lower. The cross was unmoved by the Eurozone Industrial production numbers that came out slightly better than expected. Today we are waiting for another calendar risk event in Eurozone, namely ZEW survey for Germany. Better expectation component might inspire some upside EUR correction, though large moves are hardly possible ahead of the March CPI revision published on Wednesday that is deemed the major event of the week. On the intraday basis keep an eye on 140.41 on the downside (Monday’s low) and 140.90/00 on the upside
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 140.71, with support below at 140.47, 140.18 and 139.95, with resistance above at 141.00, 141.23, and 141.52. Hourly Moving Averages are mixed, with the 200SMA at 141.66 and the daily 20EMA is neutral at 141.37. Hourly RSI is bullish at 51.
Will ZEW become a game changer?
EUR/JPY spent most part of Monday consolidating losses after opening the week with the gap lower. The cross was unmoved by the Eurozone Industrial production numbers that came out slightly better than expected. Today we are waiting for another calendar risk event in Eurozone, namely ZEW survey for Germany. Better expectation component might inspire some upside EUR correction, though large moves are hardly possible ahead of the March CPI revision published on Wednesday that is deemed the major event of the week. On the intraday basis keep an eye on 140.41 on the downside (Monday’s low) and 140.90/00 on the upside
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 140.71, with support below at 140.47, 140.18 and 139.95, with resistance above at 141.00, 141.23, and 141.52. Hourly Moving Averages are mixed, with the 200SMA at 141.66 and the daily 20EMA is neutral at 141.37. Hourly RSI is bullish at 51.