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USD/JPY to continue sliding to 2015 low

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD faces formidable resistance under 1.10 “The ECB’s quantitative easing is working, and it has made a positive influence on gross domestic product growth.” - Vitas Vasiliauskas , ECB Governing Council member (based on Bloomberg) Pair’s Outlook Daily outlook for the most traded FX cross is sidelined for the moment. We see the most important resistance area between 1.0980 (100-day SMA, Dec-Jan downtrend) and 1.1050 (200-day SMA). While the pair keeps trading below this

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