W1 price is between 200 period SMA
(200-SMA) and 100 period SMA (100-SMA) for the primary bullish with secondary ranging between 126.09 support
level and Fibo resistance level at 141.05 - 200-SMA is located below the price and 100-SMA is above the price:
- The price is ranging between 126.09 support level and 141.05 resistance level.
- The price is breaking Fibo support level at 132.62 from above to below.
- If weekly price will break 126.09 support
level so we may see the reversal of the price movement to the bearish market condition; if the price will break Fibo resistance level at 141.05 so the bullish trend will be continuing; otherwise - ranging within the levels for direction.
- "The Euro came under renewed selling pressure against the Japanese Yen, dropping to the lowest level in over four months. The pair now finds itself at a pivotal juncture, with prices testing below support that has capped losses since early May."
- "A daily close below the 133.07-30 area marked by the aforementioned horizontal pivot and the 76.4% Fibonacci expansion initially opens the door for a test of the 100% level at 131.24."
Trend:
- W1 - ranging