EURJPY rebounds off uptrend line Price holds above SMAs Oscillators indicate more bullish movements EURJPY is climbing higher after the turning point near the medium-term ascending trend line and is moving towards the 16-year high of 165.36. The market has been developing within an uptrend since December 7 with the technical oscillators confirming an upside […]
In focus today From the US, the NFIB’s January Small Business Optimism index is due for release. Business sentiment improved significantly in November and December after the election uncertainty eased. The Fed’s Hammack and Williams will also give speeches today. In the euro area, focus turns to industrial production data for December, which is expected […]
The post Hard Euro Area Data and Soft US Data on the Menu appeared first on Action Forex.
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