EUR/JPY chart on Trading View used for analysis
- EUR/JPY trades 0.23% higher on the day at 125.39 at 0650 GMT, intraday bias slightly bullish.
- The pair has broken above 21-EMA and is on track to test 55-EMA at 125.84.
- Technical indicators on the daily charts have turned bullish. RSI has edged above 50 and is biased higher.
- Stochs and MACD show bullish momentum. Breakout above 55-EMA will see further upside.
- Focus now on Eurozone December industrial production data for further impetus.
- Prints below estimates could add to fears of a deeper slowdown across the 17-nation bloc, weighing on the euro.
- Rejection at 55-EMA could see retrace till 23.6% Fib at 123.33.
Support levels - 124.95 (21-EMA), 124.72 (5-DMA), 123.23 (23.6% Fib)
Resistance levels - 125.84 (55-EMA), 125.95 (Feb 4 high), 127.09 (Dec 27 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 



