Source: PaxForex Premium Analytics Portal, Technical Insight
ECB: Eurozone fiscal stimulus to boost growth and lower inflation in 2022.
EUR/JPY,D1
Pivot: 135.40
Analysis:
While the price is below 137.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 135.40
- Take Profit 1: 133.35
- Take Profit 2: 131.00
Alternative scenario:
If the level 137.00 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 137.00
- Take profit 1: 139.30
- Take Profit 2: 140.70
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 140.70 | 133.35 |
| 139.30 | 131.00 |
| 137.00 | 130.00 |
