EUR/JPY Price Forecast: Trades near 185.00 after pulling back from upper channel boundary
The post EUR/JPY Price Forecast: Trades near 185.00 after pulling back from upper channel boundary appeared on BitcoinEthereumNews.com.
EUR/JPY edges lower after two days of gains, trading around 185.00 during the European hours on Wednesday. The technical analysis of the daily chart suggests the currency cross is moving upwards within the ascending channel pattern, indicating bullish bias. The near-term bias stays mildly bullish as the EUR/JPY cross holds comfortably above the 50-day Exponential Moving Average (EMA), while the nine-day EMA rises above the medium-term average, reinforcing a short-term uptrend within an established broader advance. Momentum backs this tone, with the Relative Strength Index (RSI) around 59, holding above the 50 line and confirming persistent buying pressure rather than overbought excess. The EUR/JPY cross may retest the immediate resistance at the upper ascending channel boundary around 185.70. Further advances above the channel would reinforce the bullish bias and lead the EUR/JPY cross to explore the region around the all-time high of 186.88, reached on January 23. On the downside, the initial support lies at the nine-day EMA of 184.33. A break below the short-term average would weaken the bullish bias and lead the EUR/JPY cross to test the 50-day EMA at 183.58, followed by the lower boundary of the ascending channel around 183.00. EUR/JPY: Daily Chart (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 New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.78% -1.06% -0.82% -0.14% -1.05% -1.52% -1.15% EUR 0.78% -0.30% -0.04% 0.63% -0.28% -0.78% -0.39% GBP 1.06% 0.30% 0.26% 0.93% 0.04% -0.46% -0.09% JPY 0.82% 0.04% -0.26% 0.68% -0.20% -0.69% -0.32% CAD 0.14% -0.63% -0.93% -0.68% -0.88% -1.35% -1.01% AUD 1.05% 0.28% -0.04% 0.20% 0.88% -0.49% -0.13% NZD 1.52% 0.78% 0.46% 0.69%…
Filed under: News - @ April 8, 2026 10:23 am