Technical Analysis – EURJPY declines below 2017 low; bulls recoup losses
Posted on September 4, 2019 at 10:47 am GMTEURJPY bulls took back five days of extended losses which stretched below the 2017 low of 116.45, moving the price above the mid-Bollinger band. The momentum indicators also reflect an increase in bullish directional momentum in the very short-term. The MACD has distanced itself above its red trigger line in the negative region, while the RSI moved out of the oversold area and crossed the 50-neutral level into bullish territory. Another bullish signal occurred as the price moved above the [..]