Key Moments
- EUR/JPY traded near 186.80 during Asian hours on Monday after nearly 0.5% losses in the prior session, while remaining within an ascending channel.
- The 14-day Relative Strength Index at 62.30 stayed in positive territory, indicating constructive buying pressure without overbought conditions.
- Immediate resistance appeared at 187.00 and then 187.95, with primary support at the nine-day EMA of 186.58 and deeper support at the 50-day EMA of 184.51.
EUR/JPY Holds Bullish Tone Within Ascending Channel
EUR/JPY recovered on Monday during Asian trading, edging higher around 186.80 after shedding nearly 0.5% in the previous session. A review of the daily chart showed the pair trading within an ascending channel, highlighting that the broader bullish bias remained in place.
The cross continued to trade above both the nine-period and 50-period Exponential Moving Averages (EMAs), helping to preserve the prevailing uptrend. This positioning underscored that short-term sentiment stayed positive despite the recent pullback.
Momentum Signals Allow Room for Further Gains
The 14-day Relative Strength Index (RSI) registered 62.30, placing it firmly in positive territory but below levels typically associated with overbought conditions. This configuration pointed to ongoing buying interest, while still leaving scope for additional upside should demand persist.
Key Resistance Levels: 187.00, 187.95, and Channel High
On the topside, the currency pair faced initial resistance at the psychological barrier of 187.00. A break above that level would bring the all-time high at 187.95, set on April 17, back into focus. Sustained strength beyond this area would open the way for a move toward the upper boundary of the ascending channel, located around 188.60.
Support Structure: EMAs and Channel Floor
On the downside, initial technical support sat at the nine-day EMA at 186.58. Below there, additional support aligned with the lower boundary of the ascending channel near 186.00. If price were to fall through that channel floor, attention would likely shift to the 50-day EMA at 184.51 as the next notable support level.
EUR/JPY Daily Chart
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 following table presents the percentage change of the Euro (EUR) versus major currencies today. According to this snapshot, the Euro was strongest relative to the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.07% | 0.16% | 0.00% | 0.22% | 0.07% | 0.08% | |
| EUR | -0.03% | 0.04% | 0.09% | -0.05% | 0.17% | 0.02% | 0.03% | |
| GBP | -0.07% | -0.04% | 0.06% | -0.06% | 0.12% | -0.02% | -0.02% | |
| JPY | -0.16% | -0.09% | -0.06% | -0.13% | 0.08% | -0.10% | -0.07% | |
| CAD | 0.00% | 0.05% | 0.06% | 0.13% | 0.21% | 0.04% | 0.05% | |
| AUD | -0.22% | -0.17% | -0.12% | -0.08% | -0.21% | -0.15% | -0.17% | |
| NZD | -0.07% | -0.02% | 0.02% | 0.10% | -0.04% | 0.15% | -0.00% | |
| CHF | -0.08% | -0.03% | 0.02% | 0.07% | -0.05% | 0.17% | 0.00% |
The heat map illustrates how each currency performs against the others: the base currency is selected from the left-hand column, and the quote currency is selected from the top row. For instance, choosing the Euro in the left column and moving horizontally to the US Dollar cell shows the percentage move for EUR (base)/USD (quote).
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