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EURJPY Retains Downside Pressure With Eyes On 125.53 Zone EURJPY retains downside pressure with eyes on 125.53 zone. Support comes in at the 125.50 level where a break if seen will aim at the 125.00 level. A cut through here will turn focus to the 124.50 level and possibly lower towards the 124.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 126.50 level. Further out, we envisage a possible move towards the 127.00 level. Further out, resistance resides at the 127.50 level with a turn above here aiming at the 128.00 level. On the whole, EURJPY faces further price weakness in the short term.
Long
by FXTechstrategy
EURUSD Looks To Weaken Further Towards 1.1315/00 Zone EURUSD looks to weaken further towards 1.1315/00 zone as it remains vulnerable. Support comes in at the 1.1300 where a violation will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD continues to threaten further downside pressure.
Short
by FXTechstrategy
EUR/USD Technically Slightly bullish BUT Fundamentals.....EUR/USD has room to extend recent gains but bulls will tread cautiously ahead of Fed Chair Powell's testimony to Congress on Tuesday and Wednesday and also euro zone inflation data. The U.S. decision to delay additional tariffs on China and news on Friday that Fitch Ratings affirmed Italy's BBB rating have underpinned the current EUR/USD lift. Bulls are particularly careful because euro zone growth remains precarious at best, adding weight to Powell as a dollar driver and upcoming data. Traders expect Powell to reiterate the Fed's patient stance and data dependence and will listen for comments hinting at how long Fed balance sheet reduction will last. Euro zone February HICP is an important ECB data point. A downside surprise could see lead the central bank take steps towards altering its forward guidance or move closer to new TLTROs.
by Fx_Advisor
CADJPY - Sell Opportunity!Hey followers and other TradingView users! Several price reversal/rejection criteria are on the blue box and a possible bounce downwards could be possible inside the mentioned blue area. Wait for rejection after an orange line and the black trendline touch. If the price breaks through from them then we have also - just a little bit higher (still, inside the box) - Fibonacci golden ratio 62% (red dotted line) which should work as a resistance! As always You can enter right away but better would be a bearish candlestick pattern confirmation! Please, do not forget to support my idea post by hitting the "LIKE button! Thank You very much! Have a nice day! Cheers! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by VaidoVeek