FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair fell on yen's strength, although remains within its recent range. A technical breakout of the USD/JPY which triggered stops was behind the EUR/USD decline towards 133.51 in the American afternoon. Key Quotes: "Short term, the pair is favored towards the downside, as in the 1 hour chart, the price is now below its 100 SMA, while the technical indicators aim slightly higher, but below their mid-lines, indicating no certain strength at the time being. In the 4 hours chart, the pair is near the base of its latest range, a major static support at 133.30, while the RSI indicator turned south around 56 and the Momentum indicator stands flat around its 100 level, all of which fails to suggest a clear directional bias, but maintains the risk towards the downside." For more information, read our latest forex news.