EUR/JPY’s downtrend resumed by breaking through 176.19 support and focus is now on 175.26/41 zone. Strong rebound from there, followed by break of 177.95 resistance should indicate short term bottoming, and turn bias back to the upside for 181.53 resistance first. However, decisive break of 175.26/41 will carry larger bearish implications. Next target is 100% […]
The post EUR/JPY Daily Outlook appeared first on ActionForex.
The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to Read more…
Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…