Key Moments
- EUR/JPY trades near 183.90 after two consecutive sessions of gains, easing back during Asian hours on Thursday.
- The cross is consolidating within an ascending triangle, with initial resistance near 184.70 and immediate support at the nine-day EMA around 183.80.
- RSI near 52 and prices holding above the 50-day EMA point to a mildly bullish technical bias.
Technical Setup: Ascending Triangle in Focus
EUR/JPY is trading around 183.90 during Asian hours on Thursday, retreating after two straight days of advances. On the daily chart, the pair is oscillating within an ascending triangle formation, signaling a consolidation phase. The pattern reflects rising support levels converging with a relatively flat resistance band, indicating growing pressure that could precede a breakout. A sustained push above the resistance area would confirm continuation of the broader bullish move.
The short-term outlook remains cautiously constructive, as the cross continues to hold above the 50-day Exponential Moving Average (EMA). The nine-day EMA is positioned just below the spot price, lending support to a modest upward slope. The Relative Strength Index (RSI) sits near 52, above the neutral midline, pointing to steady rather than aggressive upside momentum. Recent dips have attracted buying interest ahead of the medium-term average, reinforcing this tone.
Resistance Levels: Focus on Triangle Ceiling
The first notable resistance is located near the upper boundary of the ascending triangle at 184.70. A clear break and daily close above this level would strengthen the bullish case and open the way for a move toward the region around the all-time high at 186.88, which was reached on January 23.
Support Structure: EMAs and Triangle Floor
On the downside, immediate support is identified at the nine-day EMA near 183.80. Below this, the 50-day EMA at 183.39 offers an additional layer of protection. Further down, the lower edge of the ascending triangle comes in around 182.80. A decisive drop below that boundary would negate the current consolidation pattern and expose the nearly four-month low at 180.81, recorded on February 12.
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 the percentage change of the Euro (EUR) versus major counterparts today. According to the data, the Euro has shown its weakest performance against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | — | 0.46% | 0.55% | 0.37% | 0.28% | 0.72% | 0.71% | 0.53% |
| EUR | -0.46% | — | 0.09% | -0.11% | -0.21% | 0.27% | 0.26% | 0.06% |
| GBP | -0.55% | -0.09% | — | -0.19% | -0.28% | 0.18% | 0.19% | -0.03% |
| JPY | -0.37% | 0.11% | 0.19% | — | -0.10% | 0.35% | 0.34% | 0.15% |
| CAD | -0.28% | 0.21% | 0.28% | 0.10% | — | 0.45% | 0.43% | 0.25% |
| AUD | -0.72% | -0.27% | -0.18% | -0.35% | -0.45% | — | -0.01% | -0.23% |
| NZD | -0.71% | -0.26% | -0.19% | -0.34% | -0.43% | 0.00% | — | -0.20% |
| CHF | -0.53% | -0.06% | 0.03% | -0.15% | -0.25% | 0.23% | 0.20% | — |
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