EUR is continuing to fall following the progress of the situation in Ukraine and the continuous uncertainty of the future of the economy in EU and the continuous increase of the commodity prices.
On the other hand JPY has always been a safe-haven currency in turbulent times like those. EURJPY pair have reached a low that was not observable in months, but the situation in Ukraine will continue to pressure the EUR and attract more investments in the stable JPY.
Both MACD and RSI indicators support the continuous trend. If the movement of the pair remains with the same momentum, it might try to attack the 126.00 mark. On the other hands, if trend reverses, it will probably test its previous support at 128.4
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
On the other hand JPY has always been a safe-haven currency in turbulent times like those. EURJPY pair have reached a low that was not observable in months, but the situation in Ukraine will continue to pressure the EUR and attract more investments in the stable JPY.
Both MACD and RSI indicators support the continuous trend. If the movement of the pair remains with the same momentum, it might try to attack the 126.00 mark. On the other hands, if trend reverses, it will probably test its previous support at 128.4
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.