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26 Feb 2015
EUR/JPY supported above 135, German data eyed
FXStreet (Mumbai) - EUR/JPY remains lifted in the early European morning, holding on to gains from the previous session, largely on slight weakness seen in the Japanese currency.
EUR/JPY trades around 10-DMA
Currently, the EUR/JPY pair traded higher by 0.15% on the day at 135.22 levels, having posted day’s highs at 135.33 levels earlier in the day. The EUR/JPY trades above 135 handle, extending its side trend over a week as traders now await a deluge of economic data due for release later in the day for fresh directions. Also, Yellen’s testimony failed to provide new impetus to the pair.
Meanwhile, traders now shift their attention towards German consumer climate data and ECB TLTRO's result for further momentum. At the moment, USD/JPY trades higher by 0.10% at 118.97 levels, while EUR/USD trades flat at 1.1364 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135.57 and above which it could extend gains to at 135.94 levels. To the downside immediate support might be located at 134.74 levels below that at 134 levels
EUR/JPY trades around 10-DMA
Currently, the EUR/JPY pair traded higher by 0.15% on the day at 135.22 levels, having posted day’s highs at 135.33 levels earlier in the day. The EUR/JPY trades above 135 handle, extending its side trend over a week as traders now await a deluge of economic data due for release later in the day for fresh directions. Also, Yellen’s testimony failed to provide new impetus to the pair.
Meanwhile, traders now shift their attention towards German consumer climate data and ECB TLTRO's result for further momentum. At the moment, USD/JPY trades higher by 0.10% at 118.97 levels, while EUR/USD trades flat at 1.1364 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 135.57 and above which it could extend gains to at 135.94 levels. To the downside immediate support might be located at 134.74 levels below that at 134 levels