FXstreet.com (San Francisco) - EUR/JPY has traded in range between 95.75 and 96.30 this Tuesday as price action looks to be consolidative below the 21-day EMA with the market’s long-term trend bias appearing bearish.
The pair last trades at 96.12, while technical studies on the daily timeframe hover around their midlines. On the weekly chart, CCI looks poised to cross back above the oversold -100 mark into neutral territory, suggesting there may be room for the pair to run should last week’s bounce from 12-year lows in the 94.10 area extend.
The pair last trades at 96.12, while technical studies on the daily timeframe hover around their midlines. On the weekly chart, CCI looks poised to cross back above the oversold -100 mark into neutral territory, suggesting there may be room for the pair to run should last week’s bounce from 12-year lows in the 94.10 area extend.
