EUR/JPY Price Forecast: Remains below nine-day EMA near 185.50
- The EUR/JPY cross may test the immediate barrier at the nine-day EMA of 185.30.
- The 14-day Relative Strength Index at 53.17 signals mild bullish momentum.
- Immediate support lies at the lower boundary of the ascending channel, around 185.10.
EUR/JPY extends its losses for the second successive day, trading around 185.20 during European hours on Monday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling a bullish bias.
The EUR/JPY cross is maintaining a mildly bullish near-term bias as it holds above the 50-day Exponential Moving Average (EMA) while being marginally capped by the nine-day EMA. The 14-day Relative Strength Index (RSI) at 53.17 leans slightly to the bullish side without reaching overbought territory, suggesting a constructive but not overstretched upside tone as long as price continues to respect underlying trend support.
The EUR/JPY cross could test the immediate barrier at the nine-day EMA of 185.30. A rebound above the short-term moving average would strengthen the bullish bias and support the currency cross to target the all-time high of 187.95 set on April 17, followed by the upper boundary of the ascending channel around 188.90.
On the downside, the EUR/JPY cross tests the immediate support at the lower boundary of the ascending channel at 185.10, followed by the 50-day EMA at 184.81. A break below this confluence support zone may cause a bearish reversal, potentially pressing the currency cross down toward its nine-month low of 179.37, recorded on August 3.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.15% | -0.05% | -0.24% | -0.06% | 0.06% | -0.05% | -0.09% | |
| EUR | 0.15% | 0.07% | -0.09% | 0.09% | 0.17% | 0.12% | 0.05% | |
| GBP | 0.05% | -0.07% | -0.17% | 0.00% | 0.09% | 0.03% | -0.00% | |
| JPY | 0.24% | 0.09% | 0.17% | 0.16% | 0.29% | 0.21% | 0.16% | |
| CAD | 0.06% | -0.09% | -0.01% | -0.16% | 0.13% | 0.05% | -0.01% | |
| AUD | -0.06% | -0.17% | -0.09% | -0.29% | -0.13% | -0.07% | -0.10% | |
| NZD | 0.05% | -0.12% | -0.03% | -0.21% | -0.05% | 0.07% | -0.04% | |
| CHF | 0.09% | -0.05% | 0.00% | -0.16% | 0.01% | 0.10% | 0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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