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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
