- ECB policy decision will remain the main market driver for the Euro today, dovish tilt expected in Draghi's presser.
- Euro took a beating yesterday after Bloomberg headlines cited that the ECB is said to cut inflation forecasts through 2019.
- EUR/JPY slumped to lows of 122.63, but pared losses to close in the green.
- Today, the pair remains capped below 5-DMA at 123.81, intraday bias lower.
- We see a strong bearish bias and bearish 'Anti Gartley' pattern on daily charts keeps scope for downside.
- 121.89 (23.6% Fibo 109.205 to 125.814 rally) is next bear target. Violation there will see drop to 100-DMA at 121 and then 200-DMA at 119.31.
- We see bearish invalidation on close above 20-DMA at 124.39.
Support levels - 123, 122.55 (May 18 low), 121.89 (23.6% Fibo 109.205 to 125.814 rally), 121 (100-DMA)
Resistance levels - 123.84 (5-DMA), 124.39 (20-DMA), 125.31 (June 2 high)
Call update: Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-forms-bearish-Anti-Gartley-pattern-test-of-121-levels-likely-742334) has hit TP1.
Recommendation: Bias lower, stay short, hold for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at -19.2266 (Neutral), while Hourly JPY Spot Index was at 138.599 (Bullish) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/AUD slips after surprise U.S. employment data
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases as investors await U.S. employment figures
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



