Currency analysts at MIG Bank note that EUR/JPY tried to recover from 95.56 (June 1 minimum).
The specialists say that the individual outlook for the USD/JPY and
EUR/USD shows that the prospects for EUR/JPY are negative. If the pair
breaks below 98.54, then the levels around 100.95 will be regarded as
lower maximums.
According to the bank, it will be possible to say that the major
minimum has been formed only if euro rises above 102.13 (May 22
maximum). In such case the single currency will get chance to rise to
104.62 (100-day MA) retracing decline from 111.43 (March 21 maximum).
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