EUR/USD/Technical Analysis

EUR/JPY: Breaking below 101 but don’t expect a major collapse

There is solid technical support 100.20/50 (https://www.tradingview.com/x/uH0Gf4bT/) and I’d expect this level to hold initial bearish thrusts barring something unexpected. Even if USD/JPY does drift a bit lower alongside the cross selling, that still gives the EUR/USD scope for a fall towards 1.2860ish. That’s my target should 1.2910/15 break.

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