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4 Mar 2015
Eurozone retail sales push EUR/JPY back above 133.00
FXStreet (Mumbai) - The better-than-expected Eurozone retail sales data released today helped the EUR/JPY bounce back above 133.00 levels.
EUR/JPY: at One month low
The pair currently at 133.18, is trading almost at a one-month low. The level was last seen on Feb. 6th. The shared currency came under pressure after the Eurozone service PMI data for February failed to match the preliminary estimates released in the last month. The EUR/JPY pair hit a low of 132.94, before recovering slightly to trade at 133.18. The recovery was triggered by the January retail sales number, which came-in at 3.7% year-on-year, beating the estimate of a 2.3% gain.
EUR/JPY Technical Levels
The immediate support is seen at 132.94, under which the pair could drop to 132.41 (Feb. 3rd low). On the flip side, resistance is seen at 133.47 (Feb. 27 low) and 134.28 (10-DMA).
EUR/JPY: at One month low
The pair currently at 133.18, is trading almost at a one-month low. The level was last seen on Feb. 6th. The shared currency came under pressure after the Eurozone service PMI data for February failed to match the preliminary estimates released in the last month. The EUR/JPY pair hit a low of 132.94, before recovering slightly to trade at 133.18. The recovery was triggered by the January retail sales number, which came-in at 3.7% year-on-year, beating the estimate of a 2.3% gain.
EUR/JPY Technical Levels
The immediate support is seen at 132.94, under which the pair could drop to 132.41 (Feb. 3rd low). On the flip side, resistance is seen at 133.47 (Feb. 27 low) and 134.28 (10-DMA).