"Europe's growth numbers aren't knocking the skin off the ball, but they are less volatile and it's doing relatively well compared to the U.S., U.K. and Japan."
— Bill Blain, Mint Partners (based on Bloomberg)
Pair's outlook
The first half of this session was characterized by EUR/JPY being at equilibrium. However, it seems that bears have taken the upper hand, pushing the Euro towards the weekly PP at 124.36. In case no strong market movers affect the pair in the remaining trading hours, it should be expected that the exchange rate remains between the upper Bollinger band at 126.11 and the weekly PP. Trader indecision that dominated the market in the morning session indicates that the Euro may edge lower in the following days. This could likewise be confirmed by technical oscillators that signal that the given currency is close to being overbought. ext
Traders' sentiment
Market sentiment has not changed today, as 57% of open positions are short. Nevertheless, 51% of pending orders are to buy the Euro.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -14% | -14% | -2% | |
| Orders | 2% | 6% | 16% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| ADX (14) | Buy | Neutral | Neutral | |
| CCI (14) | Neutral | Sell | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ↗ | ↗ | → | |