© Dukascopy Bank
Daily maximum: 103.22
Daily minimum: 102.20
Along with EUR/USD, EUR/JPY has tumbled as well, down through 102.78. The price is now contained within a narrow range between 102.56 (55 day ma) and 102.27. In the short-term we expect the currency pair to return to prior level at 103.05 and higher.
Daily Resistance: 103.59; 104.09; 104.91.
Daily Support: 102.27; 101.46; 100.96.
Daily Bias: Bullish.