FXstreet.com (Barcelona) - Having opened at 1.6228 before making a high at 1.6246, the pair declined gently to find support at the 1.62 psychological level.
We had overnight from the BoJ noting that economic recovery was gradual but present. Deputy BoJ Govenor Yamaguchi added later that China’s economic recovery was delayed but inevitable.
Independent analyst for FXStreet.com, Richard Lee comments that the pair came across a gravestone doji ahead of the psychological 1.63 level “lending to a bearish bias on the price action.” Should there be a breakout higher, he believes that price will require a close above 1.6308, the September 21st high.
Todays economic calendar see’s German IFO data at 08:00 GMT, and the SNB Chairman Jordan speak at 10:00 GMT in what are the main risk events of the European session. European futures are down indicating a lower open.
We had overnight from the BoJ noting that economic recovery was gradual but present. Deputy BoJ Govenor Yamaguchi added later that China’s economic recovery was delayed but inevitable.
Independent analyst for FXStreet.com, Richard Lee comments that the pair came across a gravestone doji ahead of the psychological 1.63 level “lending to a bearish bias on the price action.” Should there be a breakout higher, he believes that price will require a close above 1.6308, the September 21st high.
Todays economic calendar see’s German IFO data at 08:00 GMT, and the SNB Chairman Jordan speak at 10:00 GMT in what are the main risk events of the European session. European futures are down indicating a lower open.
