Try testing the Euro 1.29, Maintain Position

Monexnews-after the fall in, it looks like the perpetrators of the action starts popping out to buy a daring catch falling prices during the European session. The Euro itself has penetrated only 1.29 area to persist near the area.

Valeria Bednarik says that the Euro will still be traded near the area, a new annual low 1.2904, with technical readout lurking gap opening. The bearish Momentum is likely to be continued pressure, while a stop action will be established under the support level static 1.2880 as strong: once the level is below, the Euro will probably reach the 1.2800 area/40 for the short term.

For the movement of the accession, there is still a large gap where the bargain hunter will try to fill it, with ample 1.2960/70 (triple bottom since 1 March) towards 1.3000 area to be as exceeded.

(AR)

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Maintain a position Near 94.00 Yen ahead of the BoJ

Monexnews-Yen traded a little below the 94.00 area, last at 93.93, off a high of downloads new and 7 days in high numbers 94, ahead of the BoJ policy meeting. The Yen is currently traded up 0.68% since the opening of the Asia-Pacific session yesterday, and 0.38% for this week.

According to Valeria Bednarik, an analyst from FXstreet.com: hourly chart shows some indicators moved up but are limited and in overbought area.

But HIGH SCHOOL-100 continues to strengthen under the current price after overcoming HIGH SCHOOL-200, which support the strengthening, the analyst added, while saying that risk when there are in the US, the employment data release is expected to be released that will bring negative investors hunting for the Yen, but for now this bullish signal is still strong: Yen will face strong resistance at 94.50, but once the move be blessed, level 80 will be visible.

The range of support recorded in 93.50 93.80, and 93.20. While the range of resistance will be recorded at 94.10. 94.50 and 94.90.

(AR)

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