EUR/USD Near 2-Month Low; USD/JPY Up To 2019 Highs


The opened the week with declines as investors saw German bond yields and trade talks between China and the US.

Events sent the pair down, but a break below the 1.1300 area activated stop losses orders that pushed EUR/USD to trade as low as 1.1270, its lowest level since December 14.

Technically, EUR/USD tested the 1.1260 area three times in the past, but it resisted and the EUR/USD jumped back again. Will it happen again? Technical studies are suggesting more declines.

Below the 1.1260 area, next support is at 1.1200.

The is also falling as investors are disappointed with a mediocre GDP. The pair is testing February lows around 1.1255. Technical conditions are negative and market expects more declines in the short term.

is starting the week with a positive note as the Dollar is strong. The pair broke above the 110.15 area and it is now trading at 2019 highs near to 110.45. USD/JPY seems ready for more gains in the short term.


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