Overall, EUR/JPY is trending downwards. Recently, EUR/JPY rejected the resistance zone of 128.500.
The eurozone ZEW Economic Sentiment data (Actual: 26.8, Forecast: 22.4, Previous: 25.9) released yesterday indicated an increase in the level of optimism from the surveyed investors and analysts on the 6-month economic outlook for the eurozone.
European Central Bank President Lagarde will be speaking later at 1615 (GMT+8).
During this time, there may be volatility in EUR.
Currently, EUR/JPY is testing to break above the key level of 128. Its next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY if it bounces down from the key level of 128.
The eurozone ZEW Economic Sentiment data (Actual: 26.8, Forecast: 22.4, Previous: 25.9) released yesterday indicated an increase in the level of optimism from the surveyed investors and analysts on the 6-month economic outlook for the eurozone.
European Central Bank President Lagarde will be speaking later at 1615 (GMT+8).
During this time, there may be volatility in EUR.
Currently, EUR/JPY is testing to break above the key level of 128. Its next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY if it bounces down from the key level of 128.