EUR/JPY Makes Another Push

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EUR/JPY Makes Another Push

By Greg Michalowski on November 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

After moving higher during the NY session and hitting some resistance at the 100 hour moving average, the EUR/JPY pair moved lower and made another attempt early in the new trading day, only to be turned away as the pair again approached the 100hr moving average and the 61.8% retracement of the move lower on Friday’s equity sell off. The pair has also found some light support at the trending 21hr mavg.

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