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14 Feb 2020

EUR/JPY Price Analysis: Scope for a drop to 117.00

  • EUR/JPY dropped further to sub-119.00 levels, fresh 2020 lows.
  • The next support emerges at the October 2019 low at 117.07.

The bearish note around EUR/JPY remains unchanged for the time being, encouraging the cross to breach the key support at 119.00 the figure.

While below the key 200-day SMA, today at 120.46, the outlook on the cross is expected to remain negative.

Against this backdrop, the immediate support emerges at the October 2019 low at 117.07.

EUR/JPY dail;y chart

 

Feb 14, 2020

EUR/CHF: SNB does not find love in prices – Rabobank

The Swiss National Bank (SNB) has the mandate to maintain CPI inflation near 2% on a yearly basis but is currently running at just 0.2%. CHF’s strengt
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Feb 14, 2020

USD/CHF retakes 0.9800 mark, 1-1/2 month tops

The USD/CHF pair climbed to 1-1/2 month tops during the early European session on Friday and was now seen extending the momentum further beyond the 0.
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