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Presently,the economy recession of the euro area will be last long and we still need time to carry out the financing programme and observe its effects. Therefore,it is expected that the euro will be fluctuate between 1.2400 and 1.2700 in short term
Although the exporters’ end buying of the month and the strengthened equities in Asia bring support to EU, the traders is still worry about the financial system which is a burden on the EUR/JPY. The rebound trend will be stricted.
BNP Paribas indicates the first support of EUR/JPY is 122.65 and the resistance is 124.25
the trend of EU
Linear Mode
