EUR / JPY: downward movement is in force
Ever lower peaks and deeper lows.
Indicators in negative territory, CCI (50) is below 0, price below the moving average in bearish formation.
Correction to 13 periodic average - dynamical level of resistance.
The current bar passes in the middle of the bull bar, between them there is a hammer, which enhances the likelihood of a downgrade.
Sentiment: caution on the stock markets is maintained, which can support the JPY
Today we expect Draghi's statement in 15:30, which will increase market volatility in all currencies with the euro, the volatility which increases the risk of activation stops.
Stefan D. Angelov - Head of Stocks Tradin
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