EUR / JPY: the downward trend continues, there is a lower top.
The price went below the diagonal support, now resistance, which enhances the possibility of a renewed fall.
The price of dynamic resistance 25 period average, suitable for sell.
Price below moving averages, arranged in bearish formation.
CCI (50) is below 0 – negative mood.
Current bar goes below 50% of the previous bull bar – a negative signal about levels of resistance, possible Dark-Cloud Cover formation.
Sentiment: foundation under the euro remains weaker than the JPY.
Stefan D. Angelov – Head of Stocks Trading