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The euro is down against most major currencies in European trading

2018-03-12 04:25 pm | Resource: NEWS | No Views : 35


The euro eased to 1.1683 against the Swiss franc and 1.2290 against the greenback, from its early high of 1.1716 and a 4-day high of 1.2341, respectively.

The euro reversed from an early high of 131.70 against the yen, easing to 130.97.

The euro hit an 11-day low of 0.8865 against the pound, reversing from an early high of 0.8897.

The single currency slipped to near a 2-week low of 1.5632 against the aussie and an 11-day low of 1.6825 against the kiwi, off its previous highs of 1.5685 and 1.6889, respectively.

The euro eased back to 1.5771 against the loonie, from a high of 1.5810 hit at 4:00 am ET.

The next possible suppport for the euro is seen around 1.20 against the greenback, 0.86 against the pound, 1.14 against the Swiss franc, 127.00 against the yen, 1.55 against the aussie, 1.55 against the loonie and 1.67 against the kiwi.

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USDJPY Technical analysis 16 March 2018

  Time frame Used - four hours The USDJPY is moving in a bearish direction in the near term The USDJPY was able to control the USDJPY to retreat to 105.77, trying to consolidate above this level forming a positive candlesticks     In view of the technical indicators Both the RSI and the Directional Trend are indicating  to the recovery of indicators Accordingly, we expect the USDJPY to test…

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