EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
EUR/JPY inside an area of interest for buyers
EUR/JPY is hovering around the 200 SMA at H1 chart after having found support in the Fibonacci level of 61.8% at 130.04. We cannot discard a possible leg lower to test the Fibonacci area of 78.6% at 129.55, as the price action is starting to show a bearish divergence in the MACD indicator. That could put us in focus toward the Fibonacci level of -23.6% at 132.49 once it breaks above March 27th highs.
RSI indicator remains steady in the neutral territory.
Felipe Erazo
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