EUR/JPY Price Forecast: Tests confluence resistance near 182.50, nine-day EMA
- EUR/JPY tests confluence resistance near the nine-day EMA at 182.54.
- The 14-day Relative Strength Index at 45 signals soft momentum.
- Further losses may target the descending channel’s lower boundary near 178.20.
EUR/JPY inches lower after two days of gains, trading around 182.40 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bullish reversal as the currency cross is testing the upper boundary of the descending channel pattern. However, the 14-day Relative Strength Index (RSI) at 45 (neutral) sits below the 50 mid-line, aligning with soft momentum.
The EUR/JPY cross holds beneath the nine-day Exponential Moving Average (EMA) and the 50-day EMA, keeping the short-term tone heavy as the medium-term gauge flattens. The 50-day EMA has started to roll over, signaling fading trend strength.
The EUR/JPY cross is testing the confluence resistance zone at the nine-day EMA at 182.54, followed by the 50-day EMA at 182.84, aligned with the upper descending channel boundary. A break above this resistance zone would cause the emergence of the bullish bias and support the pair to explore the region around the all-time high of 186.88, which was recorded on January 23.
Failure to reclaim the nine-day EMA would cap rebounds and keep pressure on nearby static floors. A downside extension could target the lower boundary of the descending channel around 178.20. Further declines below the channel would strengthen the bearish bias and put downward pressure on the currency cross to navigate the region around the four-month low of 175.70.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.10% | 0.10% | 0.08% | 0.01% | 0.42% | 0.46% | 0.07% | |
| EUR | -0.10% | 0.00% | -0.04% | -0.09% | 0.32% | 0.36% | -0.03% | |
| GBP | -0.10% | -0.00% | -0.02% | -0.09% | 0.31% | 0.34% | -0.03% | |
| JPY | -0.08% | 0.04% | 0.02% | -0.06% | 0.34% | 0.37% | -0.01% | |
| CAD | -0.01% | 0.09% | 0.09% | 0.06% | 0.40% | 0.43% | 0.06% | |
| AUD | -0.42% | -0.32% | -0.31% | -0.34% | -0.40% | 0.04% | -0.35% | |
| NZD | -0.46% | -0.36% | -0.34% | -0.37% | -0.43% | -0.04% | -0.39% | |
| CHF | -0.07% | 0.03% | 0.03% | 0.00% | -0.06% | 0.35% | 0.39% |
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).
Related Articles
Why the Yen Falls Further the More It Is Rescued: The Answer Lies in Japan’s Own Structural Contradictions
TradingKey - Entering early 2026, the attention of global investors is once again locked on the Japanese Yen (JPY). Despite the Bank of Japan (BoJ) gradually raising policy rates to a range of 0.5% - 0.75%, marking a definitive end to the era of negative interest rates, the yen continues to trend lower against the U.S. dollar.
What Is the Best Nuclear Energy Investment in 2026? Which Should You Buy in, OKLO or Nuclear Energy ETFs?
TradingKey - Demand for electricity is surging, and data centers designed for artificial intelligence are a big reason. Governments are also demanding cleaner, dependable power. This coupling has brought about a revival in nuclear power, with capacity expected to increase in the coming decades. To i
Stock Market Crash 2026: What Fed Signals and Economic Data Mean for Investors
TradingKey - The possibility of a stock market crash occurring in 2026 is becoming increasingly likely as investor sentiment continues to decline.
New Fed Chair Warsh Takes Office: Major Shift in Monetary Policy? US Dollar Short-Term Rebound, 2026 Investment Strategy Analysis
TradingKey - At the start of 2026, global financial markets witnessed a major leadership change as U.S. President Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. Pending Senate confirmation, he will succeed Jerome Powell this May to lead the world’s most influential central bank.
