Home > Global channel >                 text

The euro is not going up. Is the outlook going to be empty? Safe haven will still favor the yen

January 11, 2019 00:14
source: FX168

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it with you
  • Circle of friends

On Thursday (January 10th), it focused on the trend of EUR/USD and USD/JPY.

1. About the Euro:

K picture eurusd_0

As the bulls have not managed to rise above the 1.1550 level, the price of the intraday session has risen to 1.1570, but the gains are almost exhausted, indicating that buying will now need to hold the December high of 1.1497, otherwise it will face once it falls. The danger of the 1.1460 line is measured in the day.

If the bulls continue to rise above 1.1550, it is expected to further explore the 1.16 mark.

As for the operational recommendations, as long as the price stabilizes at 1.1490, it may be considered to be bullish to the 1.1505-1.16 area. Once the 1.1490 support level is lost, the 1.1460-30 support area will be measured shortly after the short position.

Beijing time 20:31, EUR/USD quoted at 1.1570

2. About the yen:

K picture usdjpy_0

The price is currently approaching the 108.00 mark and is neatly arranged in the 108.00-10 area.It is expected that USD/JPY will continue to be under pressure at 108.40, which is the resistance level of the daily cloud chart area. Once the price falls below the 108.00 mark, the latter two supports are seen at the 107.75 and 107.00 gates.

If the exchange rate can return to above 108.40, the buying interest will increase or increase to push the bulls up to 108.80, or even the resistance level of 109.10.

(Article source: FX168)

                (Editor: DF392)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
    click to see more
    No more recommendations
    • name
    • Latest price
    • Rise and fall
    • Quote change
    Please download Oriental Fortune products to view real-time quotes and more data.
    Solemnly declare:Oriental Fortune.com publishes this information in order to disseminate more information and has nothing to do with the position of this website. Oriental Fortune Network does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.