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Message: [QUOTE="Resolve, post: 237157, member: 29339"] [B][SIZE=5]Market Analysis: EUR/USD Trims Gains, USD/JPY Eyes Fresh Increase[/SIZE][/B] [img]https://i.imgur.com/yWqKl5X.png[/img] [I]EUR/USD declined from the 1.1200 resistance and corrected gains. USD/JPY is rising and might gain pace above the 144.65 resistance.[/I] [B]Important Takeaways for EUR/USD and USD/JPY Analysis Today[/B] [LIST] [*] The Euro started a fresh decline below the 1.1150 support zone. [*] There is a connecting bearish trend line forming with resistance at 1.1070 on the hourly chart of EUR/USD at FXOpen. [*] USD/JPY climbed higher above the 142.50 and 143.40 levels. [*] There is a connecting bullish trend line forming with support at 143.45 on the hourly chart at FXOpen. [/LIST] [B][SIZE=5]EUR/USD Technical Analysis[/SIZE][/B] [img]https://i.imgur.com/5dEa7DV.jpeg[/img] On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.1200 resistance zone. The Euro started a fresh decline and traded below the 1.1150 support zone against the US Dollar. The pair declined below 1.1125 and tested the 1.1100 zone. A low was formed near 1.1045 and the pair is now consolidating losses. There was a minor recovery wave above the 1.1060 level. On the upside, the pair is now facing resistance near a connecting bearish trend line at 1.1070. [B][URL="https://fxopen.com/blog/en/aj-market-analysis-eur-usd-trims-gains-usd-jpy-eyes-fresh-increase/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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