The EUR/JPY pair fell significantly during the course of the week, as we continue to see quite a bit of negativity when it comes to the Euro. After all,
The EUR/JPY pair fell significantly during the course of the week, as we continue to see quite a bit of negativity when it comes to the Euro. After all, the market is very sensitive to risk appetite, and there are a lot of concerns in Europe at the moment. This is especially true in the banking sector, and with the United Kingdom voting to leave, this should only continue the bearish pressure when it comes to the Euro and of course the uncertainty. Rallies the show signs of exhaustion will be selling opportunities just as a break down to a fresh, new low will be.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
