Forex: EUR/USD falls to 124.10 on Berlusconi possible come back

The Euro is trading under pressure in the last few minutes following news from Italy who say center-right coalition is leading polls to Senate with 34%. The EUR/JPY has fallen around 100 pips from 125.10 to test 124.10 in its way to 124.00.

Currently the EUR/JPY is trading at 124.20, 0.60% below opening price action. CCI and Momentum are bearish in the 15-minutes chart while MACD, CCI and Momentum turned bullish in the 1-hour timeframe.

Next supports come at 124.00, 123.75 and 123.30. Resistances are at 124.65, 125.00 and 125.20.