Dollar gains on haven flows
The dollar and yen advanced strongly with stronger haven demand stoked by concerns over the sustainability of the rally in global assets
16:15 (CET) – EurJpy: pair breaks 134.00
Pay attention to the pair, as it just broke the 134.00 support and is heading to the 133.70 yens per euro target . The bands of Bollinger show a 200 pips volatility in the hour, while the RSI is clearly oversold . Given the possible trend shift, the resistances to consider are found at 134.00 and 134.52 yens per euro .
16:00 (CET) – Crude evolution
The black gold fell 2.4% since the session started, trading at 78.54 dollars per barrel at the NYMEX right now. After hitting a daily low at 78.24 , crude rebounded 50 cents . The perspectives point to a new correction to 78.24 , a step before an approximation to 75.00 . However, the resistances to consider are found at 78.80 and 80 dollars per barrel .
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