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- United Overseas Bank (based on MDeutsche Borse Group).
Pair's Outlook
EUR/JPY is hitting its eleven-year low, and currently is trading around 94.58 after re-emergence of Greek exit talks and turmoil in Spanish banking sector today. A slide towards the 90.00 psychological level will strongly be detained by the lower Bollinger band at 93.60. A small correction is expected by the largest market participants to 65.72/86 with a further slide afterwards.
Traders' Sentiment
In near-term, the vast majority of traders believe in pair's augmentation and have opened long positions. Despite the depressive downtrend, 73% of traders expect the pair to recover in mid-term, amid 27% still awaiting further slide.
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