Key Moments
- EUR/JPY traded around 183.90 during Asian hours, hovering between its 9-day and 50-day EMAs.
- The 14-day Relative Strength Index stood at 48.21, indicating a consolidative phase with limited momentum.
- Immediate support was identified at the 9-day EMA of 183.59, while initial resistance sat near the 50-day EMA at 184.49.
EUR/JPY Holds Tight Range Around 184.00
EUR/JPY traded broadly unchanged around 183.90 during the Asian session on Friday after posting modest gains in the previous session. The pair remained above its short-term 9-period Exponential Moving Average (EMA), but upside progress continued to be constrained by the 50-period EMA.
This configuration of moving averages, combined with a nearly neutral 14-day Relative Strength Index (RSI) reading of 48.21, pointed to a phase of consolidation with a mild downside tilt, as the cross struggled to reclaim its medium-term EMA while staying supported by nearby dynamic levels.
Technical Outlook: Support and Resistance Levels
On the downside, immediate support was seen at the 9-day EMA, located at 183.59. A clear move below this short-term reference would be expected to reinforce the existing bearish tone and could drive the pair toward its eight-month low of 179.37, which was registered on August 3. Should selling pressure persist beyond that point, the next notable technical level was the nine-month low at 175.70.
On the upside, initial resistance was situated at the 50-day EMA near 184.49. A convincing break above this medium-term average would be interpreted as a sign of renewed bullish momentum, potentially paving the way for a move back toward the region of the all-time high at 187.95, set on April 17.
Euro Performance Against Major Currencies
The table below shows the percentage change of the Euro (EUR) against a set of major currencies today. Euro was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | -0.09% | -0.07% | -0.10% | -0.08% | -0.03% | -0.29% | -0.07% |
| EUR | 0.09% | 0.00% | 0.01% | -0.02% | -0.03% | 0.06% | -0.20% | 0.01% |
| GBP | 0.07% | -0.01% | 0.00% | -0.02% | 0.05% | -0.19% | 0.02% | |
| JPY | 0.10% | 0.02% | 0.00% | 0.00% | 0.02% | 0.06% | -0.21% | 0.04% |
| CAD | 0.08% | 0.03% | 0.02% | -0.02% | 0.00% | 0.04% | -0.20% | 0.01% |
| AUD | 0.03% | -0.06% | -0.05% | -0.06% | -0.04% | 0.00% | -0.25% | -0.03% |
| NZD | 0.29% | 0.20% | 0.19% | 0.21% | 0.20% | 0.25% | 0.00% | 0.23% |
| CHF | 0.07% | -0.01% | -0.02% | -0.04% | -0.01% | 0.03% | -0.23% | 0.00% |
The heat map above shows percentage moves of the major currencies relative to one another. The base currency is taken from the left-hand column, and the quote currency from the top row. For example, selecting Euro from the left column and moving horizontally to the US Dollar cell provides the percentage change for EUR (base)/USD (quote).
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