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28 Mar 2014
EUR/USD rallies to test the 141.50 area
FXStreet (San Francisco) - The Euro is rallying against the Japanese Yen fueled by German CPI data and a set of stops triggering around the 141.00 that pushed pair higher.
The EUR/JPY has climbed around 150 pips from 139.95 traded overnight to break above the 141.00 area just in the American opening and to test 3-day highs around 141.45. The pair is now trading at 141.35, 0.69% positive on the day.
EUR/JPY sentiment
The short term perspective remains slightly bullish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
If the pair manages to break above 141.50, it could face resistances at 141.70 and 141.85. On the downside, supports are at 141.10, 141.00 and 140.00.
The EUR/JPY has climbed around 150 pips from 139.95 traded overnight to break above the 141.00 area just in the American opening and to test 3-day highs around 141.45. The pair is now trading at 141.35, 0.69% positive on the day.
EUR/JPY sentiment
The short term perspective remains slightly bullish according to the FXStreet's trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
If the pair manages to break above 141.50, it could face resistances at 141.70 and 141.85. On the downside, supports are at 141.10, 141.00 and 140.00.