EUR/JPY price forecast: Trade below 166.00 after withdrawing from eight months of maximum

Featured in:
abcd

  • EUR/JPY may find basic resistance at an eight -month level of 166.43
  • The 14-day RSI remains above level 50, which indicates the dominant stubborn prejudice.
  • Nine -day EMA on 164.92 appears as initial support.

EUR/JPY stops its five -day victorious run, trading around 165.80 at Asian hours on Thursday. Strengthening the stubborn bias occurs when the currency cross moves up as part of the rising channel, suggested by the technical analysis of the daily table.

However, the EUR/JPY cross rises above the nine -day interpretation of the movable medium (EMA), the signaling of the shoot is stronger. In addition, the 14-day relative strength indicator (RSI) is located over 50, which is suggested by stubborn stubborn. A break above 70 would mean the situation with a withdrawn situation and potential correction down earlier.

sadasda

On the other hand, the EUR/JPY Cross may focus on an eight -month level of 166.43, which was registered on June 11, followed by the upper border of the channel growing around 167.50.

The EUR/JPY Cross may encounter initial support during the nine-day EMA 164.92 and then an EMA 50-day to 163.18. The decisive break below these levels would weaken the tiny -term price rush and put pressure down the cross of the currency to test the lower limit of 62.10. Further support appears at the nine -week lowest level at 160.98.

EUR/JPy: Daily Table

Euro price today

The table below shows the percentage change in the euro (EUR) in relation to the main currencies. The euro was the weakest in relation to the Japanese yen.

USD EUR GBP JPy BOOR Aud NZD CHF
USD -0.28% -0.28% -0.49% -0.08% -0.05% -0.15% -0.48%
EUR 0.28% 0.00% -0.20% 0.20% 0.21% 0.13% -0.17%
GBP 0.28% -0.01% -0.21% 0.19% 0.20% 0.11% -0.20%
JPy 0.49% 0.20% 0.21% 0.40% 0.40% 0.27% -0.01%
BOOR 0.08% -0.20% -0.19% -0.40% 0.03% -0.09% -0.40%
Aud 0.05% -0.21% -0.20% -0.40% -0.03% -0.08% -0.40%
NZD 0.15% -0.13% -0.11% -0.27% 0.09% 0.08% -0.32%
CHF 0.48% 0.17% 0.20% 0.00% 0.40% 0.40% 0.32%

The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose the euro on the left column and go along the horizontal line to the American dollar, the percentage shift displayed in the field will represent the EUR (base)/USD (quote).

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

Silver Price Today: According to FXStreet data, the price...

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver is trading at $95.45 per troy...

Gold holds steady near record levels as safe-haven demand...

Gold (XAU/USD) continues its sideways consolidation price move during Tuesday's Asian session and remains near the all-time...

USD/JPY remains unchanged above 158.00 amid trade war fears

During Tuesday's Asian session, the USD/JPY pair remains stable near 158.15. The pair remains steady as an...

Dow Jones Industrial Average falls as trade war rhetoric...

The Dow Jones Industrial Average (DJIA) started the modern trading week on a tame, tariff-fueled note, reminiscent...

USD/CHF falls below 0.8000 as US-EU tensions revive demand...

The Swiss franc (CHF) attracted novel buyers against the US dollar (USD) on Monday as tensions escalated...

GBP/JPY rises above 211.50 after BoE eases bets on...

GBP/JPY breaks its three-day streak of declines, trading at around 211.70 on Monday in Europe. The exchange...