EUR/JPY Price Forecast: Eyes 186.00 amid constructive bullish bias
EUR/JPY moves little after four days of gains, trading around 185.70 during the Asian hours on Monday.
  • EUR/JPY could test the upper boundary of a symmetrical triangle around 186.00.
  • The 14-day Relative Strength Index at 57 indicates firm bullish momentum, leaving plenty of room for further gains.
  • Initial support sits at VWAP and clustered EMAs just below 185.50, providing a solid floor for buyers.

EUR/JPY moves little after four days of gains, trading around 185.70 during the Asian hours on Monday. The currency cross is maintaining a constructive bullish bias as it holds above the session Volume-Weighted Average Price (VWAP) at 185.29 and both the nine-period and 50-period Exponential Moving Averages (EMAs) around 184.95–184.99. This positioning suggests dip-buying interest remains in place.

Meanwhile, the 14-day Relative Strength Index (RSI) near 57.0 points to firm but not overextended upside momentum, leaving room for further gains as long as price stays supported above these nearby averages.

The technical analysis of the daily chart suggests that the EUR/JPY cross is positioned near the upper boundary of a symmetrical triangle around 186.00, indicating that the asset is gearing up for a potential breakout. Further advances above the triangle would strengthen the bullish bias and support the currency cross to test the all-time high of 187.95, which was recorded on April 17.

On the downside, initial support aligns first with the VWAP and clustered EMAs just below 185.50. A break below this confluence support zone would expose the symmetrical triangle’s lower boundary around 183.50, followed by the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.

Chart Analysis EUR/JPY
EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.16% 0.21% 0.16% 0.16% 0.42% 0.19% 0.13%
EUR -0.16% 0.04% -0.02% -0.00% 0.27% 0.00% -0.04%
GBP -0.21% -0.04% -0.04% -0.03% 0.21% -0.05% -0.06%
JPY -0.16% 0.02% 0.04% -0.02% 0.27% -0.01% -0.04%
CAD -0.16% 0.00% 0.03% 0.02% 0.28% -0.00% -0.02%
AUD -0.42% -0.27% -0.21% -0.27% -0.28% -0.27% -0.29%
NZD -0.19% -0.01% 0.05% 0.00% 0.00% 0.27% -0.02%
CHF -0.13% 0.04% 0.06% 0.04% 0.02% 0.29% 0.02%

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).

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