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EUR/JPY Technical Analysis: Recovery could extend to the 119.60 area

  • EUR/JPY is testing the 10-day SMA in the mid-118.00s at the beginning of the week following the continuation of the selling mood around the Japanese Yen.
  • The ongoing recovery carries the potential to extend to the 21-day SMA in the 119.40 region ahead of last week’s tops in the 119.60 area.
  • However, as long as the 55-day SMA at 120.93 and the short-term resistance line just above the 121.00 mark cap the upside, another visit to YTD lows in the 117.50 area should not be ruled out.

EUR/JPY daily chart

 

NZD/USD flirting with daily lows, just above 0.6400 handle

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US Dollar Index Technical Analysis: Looks well underpinned by the support line at 97.48

Dollar Index Spot Overview Today last price 98.2 Today Daily Change 11 Today Daily Change % 0.00 Today daily open 98.2 Trends Daily SMA20 97.86 Daily
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