EUR/JPY: Bearish momentum remains, target at 160.31

Columns：Forex insights and analysis author：BTCZXW time：2024-08-27 21:37:45

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The bearish momentum of EUR/JPY remains unabated, with a target of 160.31

According to analyst Scott Buckley, EUR/JPY is currently in a downward channel and may fall further. The specific analysis is as follows:

欧元/日元 1 小时图

1. The current exchange rate is at 161.07, which has broken through the slope support level.

2. The currency pair may continue to fall to the ATR (average true range) target of 160.31.

3. Pay attention to the trend of the US dollar index, as it may have an impact on EUR/JPY.

4. The average daily volatility of EUR/JPY is 186 points per day, and the 90-day average is 160 points per day.

In general, analysts believe that the downward trend of EUR/JPY is still continuing, and investors need to pay close attention to relevant developments and operate with caution.

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