Thursday, October 15, 2026

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FxWirePro: EUR/JPY supported at 20-DMA ahead of ECB, bias lower

EUR/JPY halts downside from 55-EMA, holds 20-DMA support at 114.05. Intraday bias is lower, Stoch and RSI biased south. Price action below daily cloud. ECB rate decision due later today along with Draghi's presser will b…

By FxWirePro Team
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FxWirePro: EUR/JPY supported at 20-DMA ahead of ECB, bias lower
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  • EUR/JPY halts downside from 55-EMA, holds 20-DMA support at 114.05.
     
  • Intraday bias is lower, Stoch and RSI biased south. Price action below daily cloud.
     
  • ECB rate decision due later today along with Draghi's presser will be watched for further direction.
     
  • Currently, the pair is hovering around 50-DMA at 114.35, decisive break above targets 55-EMA at 115.35.
     
  • On the flipside break below 20-DMA at 114.05 will see drag upto 112.30 levels.
     
  • Major support levels - 114.05 (20-DMA), 113.45 (trendline), 113, 112.65 (Aug 18 low)
     
  • Major resistance levels - 114.36 (50-DMA), 114.83 (10-DMA), 114.88 (Sept 7 high), 115
     

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By FxWirePro Team