Global Markets
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   GLOBAL COVERAGE
EuroJPYTechnical Analysis

EUR/JPY Tests 163.00 barrier after breaking above nine-day EMA

  • EUR/JPY may encounter key resistance around the psychological level of 165.00, identified as “pullback resistance.”
  • The 14-day Relative Strength Index remains above 50, reinforcing the bullish outlook.
  • On the downside, initial support is seen at the nine-day EMA of 161.93.

EUR/JPY holds little losses near 162.80 during Tuesday’s Asian session after two consecutive days of gains. Technical analysis of the daily chart shows the currency cross trending within an ascending channel, reinforcing a bullish outlook.

Additionally, the 14-day Relative Strength Index (RSI) stays above 50, strengthening the bullish outlook for the EUR/JPY cross. The cross also holds above the nine- and 50-day Exponential Moving Averages (EMAs), highlighting strong short- and medium-term momentum and supporting the potential for further gains.

On the upside, the EUR/JPY cross may face its first key resistance around the psychological level of 165.00, marked as “pullback resistance”, followed by the upper boundary of the ascending channel near 166.00. A decisive break above this critical zone could reinforce the bullish bias, potentially leading to a retest of the eight-month high at 166.69, last seen in October 2024.

The EUR/JPY cross may find initial support at the nine-day EMA of 161.93. A break below this level could weaken short-term momentum, pushing the currency cross toward the ascending channel’s lower boundary at 161.00, followed by the 50-day EMA at 160.43.

A deeper decline below this support zone could erode medium-term momentum, increasing downward pressure. This may drive the EUR/JPY cross toward its monthly low of 155.59, recorded on March 4, and potentially to 154.41, the lowest level seen since December 2023.

EUR/JPY: Daily Chart

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Australian Dollar.

 USDEURGBPJPYCADAUDNZDCHF
USD -0.03%0.02%-0.03%-0.00%-0.09%0.10%0.02%
EUR0.03% 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%
JPY0.03%0.02%0.08% 0.04%0.00%0.14%0.05%
CAD0.00%-0.01%-0.00%-0.04% -0.04%0.10%-0.02%
AUD0.09%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 percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Register a Revolut Business Account
```

Market Analysis & Disclaimer

The market information, analysis, commentary, forecasts and opinions contained in this publication are provided by Octalas Group Ltd on behalf of Today Markets and Currency Hedger using information and data obtained from sources believed to be reliable. However, Octalas Group Ltd, Today Markets and Currency Hedger do not warrant or guarantee the accuracy, completeness or timeliness of the information presented and accept no responsibility for any loss or damage arising from reliance upon information contained herein, to the extent permitted by applicable law.

Market forecasts, expectations and opinions are based on analysis of available information and a number of assumptions regarding economic, financial, political and market conditions. Such assumptions may prove to be incorrect, and actual market developments may differ materially from those described or anticipated.

Nothing contained in this publication constitutes investment advice, financial advice, a personal recommendation, an offer, solicitation or invitation to buy, sell or otherwise transact in any financial instrument or investment product. The information is provided for general informational and educational purposes only and does not take into account the investment objectives, financial situation, experience or particular circumstances of any individual reader.

Past performance is not indicative of future results. Financial markets, including foreign exchange, commodities, equities, derivatives and other financial instruments, involve risk and prices can move rapidly. Readers should conduct their own independent research and, where appropriate, obtain advice from an appropriately authorised financial professional before making any investment or trading decision.

Where this publication refers to Today Markets, it represents market news, research, analysis and commentary published for informational purposes. Where Currency Hedger is referenced, it represents commentary concerning foreign exchange, currency exposure, international payments and hedging-related topics. References to particular financial instruments, markets, companies, currencies or commodities should not be interpreted as a recommendation to transact in them.

Octalas Group Ltd, Today Markets and Currency Hedger may have commercial interests or relationships with businesses, financial-service providers, technology providers or other market participants mentioned in their publications. Where relevant, such relationships or interests may create potential conflicts of interest. Appropriate measures are intended to be taken to ensure that published analysis and commentary are presented objectively and that commercial considerations do not determine the substance of market analysis.

The views expressed in this publication are those of the author or contributors at the time of publication and may change without notice as market conditions develop. Readers should not assume that any information contained herein has been updated following publication.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button