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FxWirePro- Major Pair levels and bias summary 
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EUR/JPY chart - Trading View
- EUR/JPY has retraced from session lows and is trading marginally higher at 126.38 at 1230 GMT.
- The single currency slightly bid after better than expected ZEW survey data.
- The ZEW survey showed German Economic Sentiment extended the bounce to -3.6 for the current month and Current Conditions eased to 11.1.
- Also, Economic Sentiment in the broader euro bloc improved to -2.5, bettering consensus.
- No significant development on the Brexit negotiations and the US-China trade front keep investors cautious.
- Evolving risk-appetite trends will remain the main driver of the price action in the near term.
- Technical studies for now support upside in the pair. Break above 110-EMA (126.61) will see further gains.
- Immediate support lies at 21-EMA at 125.85. Break below major trendline support at 125 will negate any bullish bias.
Support levels - 125.85 (21-EMA), 125 (trendline)
Resistance levels - 126.61 (110-EMA), 127.50 (Mar 1 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
