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20 Nov 2013
EUR/JPY tumbles bellow 135.00 amid ECB rumors
FXstreet.com (San Francisco) - The Euro is trading down across the market as investors digested the talks about ECB considering negative rates if more easing is necessary according to a report published by Bloomberg.
In the last minutes, the EUR/JPY declined around 80 pips from 135.30 to break down the 134.60 support and trade at intra-week lows at 134.50. Currently, the EUR/JPY is pricing at 134.70, 0.67% negative on the day.
EUR/JPY technicals
The short term perspective is strongly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 134.60, next supports are at 134.05 and 133.70. On the upside, 135.00, 135.35 and 135.70 are resistances.
In the last minutes, the EUR/JPY declined around 80 pips from 135.30 to break down the 134.60 support and trade at intra-week lows at 134.50. Currently, the EUR/JPY is pricing at 134.70, 0.67% negative on the day.
EUR/JPY technicals
The short term perspective is strongly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
Below the 134.60, next supports are at 134.05 and 133.70. On the upside, 135.00, 135.35 and 135.70 are resistances.