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25 Mar 2020

EUR/JPY Price Analysis: Euro challenges March’s highs and 121.00 figure

  • EUR/JPY breaks higher and challenges the monthly highs. 
  • The level to beat for bulls is the 121.00 resistance. 
 

EUR/JPY daily chart

 
EUR/JPY broke to the upside as it is testing the 121.00 handle and the March’s highs while trading above the main daily SMAs. 
 

EUR/JPY four-hour chart

 
EUR/JPY is spiking to the upside while challenging March’s highs and the 121.00 handle. Bulls are back in the driver’s seat and some more up towards 121.40 or 122.00 could be expected. Support can be seen near the 120.50, 120.00 and 119.50 levels. 
 
 
Resistance: 121.00, 121.40, 122.00
Support: 120.50, 120.00, 119.50

Additional key levels

 

Mar 25, 2020

EUR/USD advances to fresh daily highs above 1.0850 on broad USD weakness

The EUR/USD pair spent the first half of the day fluctuating around the 1.0800 handle but gained traction during the American session amid a fresh USD
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Mar 25, 2020

Coronavirus update: 74,386 confirmed cases in Italy, French death toll rises to 1,331

The total number of confirmed COVID-19 infections in Italy rose to 74,386 on Wednesday from 69,176, the Civil Protection Agency reported. The death to
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