EUR/JPY edges higher to near 170.90 during the Asian session on Thursday.
EUR/JPY resists at 171.00 level followed by the 23.6% Fibonacci retracement at 171.29 level. The cross lies below 9-day EMA, indicating to refrain from buying until the trend shows signs of reversal. A break below the 170.00 level could lead the cross to revisit June’s low at 167.52 level. The daily chart analysis shows that the pair lies below its 9-day Exponential Moving Average , suggesting downward momentum in the short term.
On the downside, the psychological level of 170.00 could act as immediate support. A break below this level could exert downward pressure on the EUR/JPY cross to navigate the area around June’s low at 167.52 level. EUR/JPY: Daily Chart Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today. Euro was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% 0.02% 0.06% -0.02% -0.13% 0.11% 0.12% EUR -0.04% -0.02% 0.02% -0.
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