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EUR/USD after declining yesterday to $1.1205, soon rose sharply, reaching $1.1280 and closed the day around $1.1275. Today, the pair in early trading, fell sharply to $1.1240, however, at the time of this writing, regained some lost ground and is trading around $1.1265. EUR/USD rose above the line of moving average MA (200) H1, but the four-hour chart is still below MA (200) H4, globally remaining under control of the bears.
Resistance is located at: $1.1285, $1.1310-20, $1.1390,
The support levels are at: $1.1240, $1.1195-1.1205, $1.1160
The USD/JPY pair yesterday traded with the decline, dropping sharply to a three-week minimum (Y107.20) and closed the day around Y107.25. Today, the pair in early trading rapidly rose to Y107.60, but, at the time of writing dropped and is trading around Y107.50. USD/JPY is below the moving average MA (200) H1 and below the MA (200) H4, under the full control of the bears.
Resistance is located at: Y108.00-20, Y108.60, Y109.00
Support levels located at: Y107.20, Y106.75, Y105.95