EUR/USD is still holding above support after this morning’s ECB rate decision, still in profit from yesterday’s Euro setups. EUR/JPY has started to look a lot more clean, too, continuing the bearish engulf setup that was looked at yesterday. Bearish engulfing candlesticks can be prime for continuation scenarios, and that’s what’s showing here. EUR/JPY has pushed below psychological support at 130.00, and is now finding support on a Fibonacci level plotted at 129.66.

EUR/JPY with Fibonacci applied