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Thomson Reuters
Jul 26 - 11:00 PM
EUR/USD Soggy, EUR/JPY On Back Foot, Off More In Asia
First appeared on eFXplus on Jul 26 - 09:10 PM

  • EUR/JPY down with EUR/USD overnight, cross off more in Asia, 129.46 to 34
  • Move marginal but still below yesterday's 129.45 low, towards 129.28 55-DMA
  • Cross not below 55-DMA since July 6, break targets 129.05 top of Ichi cloud
  • Stops eyed on break below 129.00-05, resistance from 129.49 hourly tenkan
  • Current EUR weakness on rather dovish Draghi post-ECB announcement o/n
  • No rate hike eyed till late '19 it seems, ECB to be more dovish than thought

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Thomson Reuters IFR Markets


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