EUR/JPY Price Forecast: Moves below 186.50, nine-day confluence
EUR/JPY depreciates after two days of gains, trading around 186.40 during European hours on Tuesday. The technical analysis of the daily chart indicates the currency cross slips below the ascending channel, signaling a possible bearish reversal.
  • EUR/JPY may rebound toward the nine-day EMA at 186.66 near the ascending channel’s lower boundary.
  • The 14-day Relative Strength Index near 53 signals positive, not overstretched momentum.
  • The primary support lies at the 50-day EMA at 185.00.

EUR/JPY depreciates after two days of gains, trading around 186.40 during European hours on Tuesday. The technical analysis of the daily chart indicates the currency cross slips below the ascending channel, signaling a possible bearish reversal.

However, the EUR/JPY cross holds above the 50-day Exponential Moving Average (EMA), keeping the near-term bias mildly bullish even as it consolidates just under the nine-day EMA, which acts as immediate resistance.

The 14-day Relative Strength Index (RSI) hovers near 53, suggesting positive but not overstretched momentum, and hints that dips toward the underlying averages could continue to attract buyers while the broader uptrend structure remains intact.

The rebound toward the nine-day EMA at 186.66 around the lower boundary of the ascending channel would revive the bullish bias and lead the EUR/JPY cross to test the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.80.

On the downside, the EUR/JPY cross may fall toward initial support, which lies at the 50-day EMA at 185.00.

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 weakest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.19% 0.17% 0.00% 0.05% 0.19% 0.32% 0.40%
EUR -0.19% -0.04% -0.22% -0.17% -0.02% 0.07% 0.20%
GBP -0.17% 0.04% -0.17% -0.12% 0.03% 0.13% 0.23%
JPY 0.00% 0.22% 0.17% 0.06% 0.20% 0.30% 0.40%
CAD -0.05% 0.17% 0.12% -0.06% 0.14% 0.24% 0.35%
AUD -0.19% 0.02% -0.03% -0.20% -0.14% 0.11% 0.24%
NZD -0.32% -0.07% -0.13% -0.30% -0.24% -0.11% 0.09%
CHF -0.40% -0.20% -0.23% -0.40% -0.35% -0.24% -0.09%

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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