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USD/JPY trades in murky waters

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD remains in vicinity of 1.11 “The euro will continue to decline because the ECB has more ammunition" to carry out stimulus.” - Toronto-Dominion Bank (based on Bloomberg) Pair’s Outlook Downside risks for the Euro are on the table, considering that EUR/USD has tumbled for a fifth day in a row on Thursday. The bears are still unable to penetrate the 1.11 support area, with gains contained mainly by the weekly S1 and 20-day SMA. From here we foresee a rebound on Friday,

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