News & Analysis

EUR continues fight to USD and JPY

Nov 9, 2017 | Forex News

Looking at the #EURUSD and EURJPY we’re seeing a similar picture. Both markets continue to test and bounce off their key support levels. Overnight both made new tests, the EURJPY saw a deeper test by sellers. Buyers continue to reject seller advances through these levels. Yes, it does look bullish but sellers conviction in the short term can’t be overlooked. Both markets look to be trading in a balance. Will we see a buyer hold that turns into a deeper drive higher, or will sellers force a move through these support levels?

EURUSD daily Chart

EURJPY Daily Chart

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