- The EUR/JPY can find a key resistance around the psychological level of 165.00, identified as “setback resistance.”
- The 14 -day relative force (RSI) index remains above 50, reinforcing the upward perspective.
- Down, the initial support is observed in the nine -day EMA of 161.93.
The EUR/JPY maintains a few losses about 162.80 during the Asian session on Tuesday after two consecutive earnings. The technical analysis of the daily graph shows that the Crosses Crossing moves within an ascending channel, reinforcing an upward perspective.
In addition, the 14 -day relative force (RSI) index remains above 50, strengthening the upward perspective for the EUR/JPY crossing. The crossing also remains above the exponential mobile socks (EMA) of nine and 50 days, highlighting a strong impulse in the short and medium term and supporting the potential of more profits.
On the positive side, the EUR/JPY crossing can face its first key resistance around the psychological level of 165.00, marked as “backward resistance”, followed by the upper limit of the ascending channel about 166.00. A decisive rupture above this critical area could reinforce the bullish bias, potentially leading to a new test of the maximum of eight months in 166.69, last seen in October 2024.
The EUR/JPY crossing can find initial support in the nine -day EMA of 161.93. A rupture below this level could weaken the short -term impulse, pushing the crossing of currencies towards the lower limit of the ascending channel in 161.00, followed by the EMA of 50 days in 160.43.
A deeper decrease below this support zone could erode the impulse in the medium term, increasing the downward pressure. This could lead to the EUR/JPY crossing towards its monthly minimum of 155.59, registered on March 4, and potentially at 154.41, the lowest level seen since December 2023.
EUR/JPY: Daily graphic
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the weakest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | 0.02% | -0.03% | -0.00% | -0.09% | 0.10% | 0.02% | |
| EUR | 0.03% | 0.04% | -0.02% | 0.00% | -0.04% | 0.11% | 0.03% | |
| GBP | -0.02% | -0.04% | -0.08% | 0.00% | -0.08% | 0.07% | -0.05% | |
| JPY | 0.03% | 0.02% | 0.08% | 0.04% | 0.00% | 0.14% | 0.05% | |
| CAD | 0.00% | -0.01% | -0.00% | -0.04% | -0.04% | 0.10% | -0.02% | |
| Aud | 0.09% | 0.04% | 0.08% | -0.00% | 0.04% | 0.15% | 0.07% | |
| NZD | -0.10% | -0.11% | -0.07% | -0.14% | -0.10% | -0.15% | -0.12% | |
| CHF | -0.02% | -0.03% | 0.05% | -0.05% | 0.02% | -0.07% | 0.12% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
