kbgeresy

Will the EUR be able to edge higher in-front of the YEN

FX:EURJPY   Euro / Japanese Yen
EURJPY EURJPY



EUR was able to hold the selloff and move a bit sideways in last week, As the Turkish Lira's tumble took its toll on the EUR.

But with a Qatari promise of 15 Billion USD investment as well as an announcement by the Central bank of Turkey of doing everything necessary to help support the Lira helped calm markets a bit.

Price bounced off the 125.10 and is currently targeting to test the downward trend line which is resting around the 126.60

Buyers will be aiming to try break this level and recover some of the losses incurred by the EUR in the last period



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