The Euros strengthened against the USD and JPY with EURJPY managed to recover during the Asian session what was lost the previous Friday . EURJPY was ranging between 50 pips during the European and New York sessions.
The short term is bearish with lower highs and lows since the close of New York session. With a quieter European and American session, the early session today will be more or less in the continuation of the previous mood. The 60 and 200 EMA in the 5 MTF are converging substantiating a side way move.
