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EUR/SEK stages powerful rally

Accordingly to the 1-hour MACD, the runaway EUR/SEK market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/SEK price action.

USD/JPY hits fresh lows under 120.00 as Wall Street tumbles

USD/JPY accelerated to the downside after Wall Street opening bell and recently printed a fresh daily low at 119.68. The pair weakened as stocks in the US tumble. The Dow Jones is now falling 1.35% and the Nasdaq drops more than 2% while US government bonds decline.
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EUR/JPY minor recovery stalling ahead of 200 SMA

EUR/JPY is currently trading at 1234.66 with a high of 135.00 and a low of 133.93.
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