EURJPY has seen little momentum in the last 24 trading hours which is indicated by the correction the market is forming. Structurally traders are interested in any long opportunity to complete the next impulsive wave to the upside.
EURNZD immediately shot up to target when resistance became support. The buyers will look to manage their positions as the market is testing the resistance zone as well as the 61.8 fib level.
EURUSD broke below the 1st support however traders are observing how the market is moving to the downside. Structurally the market is moving in a descending channel which indicates that the sellers are losing momentum, as such buyers are still looking for long opportunities.