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EUR/JPY - Price Action Still Heavy on a Key Rising Trendline

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EUR/JPY - Price Action Still Heavy on a Key Rising Trendline

Money Mind - Forex

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29-09-2012, 03:31 AM

bluetooth

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EUR/JPY - Price Action Still Heavy on a Key Rising Trendline

Testing trendline: This week, the EUR/JPY bounced off a rising trendline going back to to the July low of 94.10. However, price action remains bearish in the 4H chart. Note the stronger black candles vs. white candles this week as the market dragged euro lower against the yen. There was

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