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EUR/JPY consolidates near daily lows

FXStreet (Córdoba) - EUR/JPY fell to fresh daily lows during the European session, as the shared currency weakened after disappointing Eurozone data and more dovish comments from ECB President Draghi.

EUR/JPY extended its pullback from yesterday’s highs and slid to a low of 146.40 before finding support and steadying right above that level. At time of writing, the pair is trading at 146.55, still 0.43% below its opening price.

Draghi said Eurozone growth momentum has weakened and the ECB is unanimous in commitment to act if needed, but added monetary policy cannot do all the heavy lifting.

EUR/JPY technical levels

As for technical levels, EUR/JPY could find immediate supports at 146.40 (daily low), 146.28 (Nov 25 low) and 146.00 (psychological level). On the other hand, resistances are seen at 147.22 (daily high), 147.40 (Nov 26 high) and 148.10 (Nov 19 high).

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