Despite delicate situation on the Euro
could be the most bearish
pair involving the common currency; this simply because as the Euro
remains under pressure, the Japanese Yen
is usually considered the "safe heaven" of currencies, hence the biggest Euro
weakness could show up here. Technically speaking, a H&S
pattern is taking shape on the daily time frame, but yet no signal has triggered: we have to wait for a neat break of the neckline, which happens to be at 133.00 handle. Don't be aggressive on this trade!