The EUR/JPY sold after the Chinese rise in interest rates as fell EUR/USD and USD/JPY remained relatively unchanged as flight to USD and JPY continue on the cross as perceived the rise in interest rates to slow Asian growth. The couple had broken the 38.2% retracement of moving early September but could find some support in the 100 days Mavg (111.30) before the 50% level if the yen its renewed strength compared to the currency risk and growth continues.
Also the trendline resistance, the couples appreciation throughout 2010, defended that the euro will be its rally continued interest in the event.
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