Key Moments
- EUR/JPY has been trading around 183.60 and has extended gains for a second straight session.
- The pair is testing resistance at the nine-day EMA near 183.70 while staying above 50-day EMA support at 183.36.
- EUR is showing broad strength today, particularly against NZD, according to the latest percentage change table.
EUR/JPY Technical Overview
EUR/JPY has continued to edge higher for a second consecutive session, changing hands near 183.60 during Asian trading on Wednesday. The daily chart indicates that the cross is moving sideways within an ascending triangle formation, signaling underlying buying interest.
The short-term outlook remains cautiously constructive as the pair trades above the 50-day Exponential Moving Average (EMA) at 183.36, which continues to act as a rising support base. The nine-day EMA is still positioned above the 50-day EMA, preserving a favorable short-term configuration even as price action has consolidated below the 184.00 region.
Momentum and Pattern Signals
Momentum conditions appear neutral. The Relative Strength Index is fluctuating close to the 50 threshold after rebounding from last week’s pullback, suggesting that demand has stabilized rather than shifted into a strong buying phase.
On the topside, EUR/JPY is pressing against immediate resistance at the nine-day EMA near 183.70. The next technical focus is the upper boundary of the ascending triangle, located around 184.60. A sustained break above this structure would strengthen the bullish case and open the way for a retest of the region surrounding the all-time high at 186.88, which was reached on January 23.
Key Support Zones
On the downside, primary support is seen at the 50-day EMA at 183.36. Below that, the lower edge of the ascending triangle around 182.70 is the next notable zone. A clear move under this boundary would bring the three-month low at 180.81, printed on February 12, into view as the next downside target.
EUR/JPY: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Euro Performance Against Major Currencies
The table below summarizes today’s percentage changes for the Euro against major currencies. According to this snapshot, the Euro has been strongest versus the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | -0.09% | -0.09% | 0.10% | -0.03% | -0.05% | 0.17% | -0.21% |
| EUR | 0.09% | – | -0.01% | 0.18% | 0.06% | 0.05% | 0.28% | -0.11% |
| GBP | 0.09% | 0.00% | – | 0.19% | 0.06% | 0.06% | 0.29% | -0.09% |
| JPY | -0.10% | -0.18% | -0.19% | – | -0.11% | -0.10% | 0.09% | -0.25% |
| CAD | 0.03% | -0.06% | -0.06% | 0.11% | – | 0.00% | 0.20% | -0.18% |
| AUD | 0.05% | -0.05% | -0.06% | 0.10% | -0.01% | – | 0.22% | -0.15% |
| NZD | -0.17% | -0.28% | -0.29% | -0.09% | -0.20% | -0.22% | – | -0.37% |
| CHF | 0.21% | 0.11% | 0.09% | 0.25% | 0.18% | 0.15% | 0.37% | – |
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
