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Chart - Courtesy Trading View
The data published by the European Commission showed on Tuesday that the Euro area Economic Sentiment Indicator (ESI) improved modestly in November.
Economic Sentiment Indicator (ESI) for the Euro area was up to 93.7 in November from 92.7 in October, slightly better than the market expectation of 93.5.
Further details of the report showed the Industrial Confidence for the euro area declined to -2 from -1.2 and the Services Confidence edged higher to 2.3 from 2.1.
Single currency largely unimpressed with the mixed data, EUR/JPY continues to trade in the red, at 143.31, down 0.22% at around 13:30 GMT.
Price action has slipped below 55-EMA, the pair is extending dip into the daily cloud, scope for further weakness.
The pair is on track to test 110-EMA at 142.01. Break below will open downside. Next major support lies at 200-DMA at 138.89.
