EUR/JPY Price Forecast: Rebounds above 177.00, oversold territory
- EUR/JPY could find immediate support at the descending channel’s lower boundary around 176.30.
- The 14-day Relative Strength Index at 33.25 sits slightly above oversold territory.
- The primary resistance lies at the nine-day EMA at 177.87.
EUR/JPY inches higher after posting modest losses in the previous day, trading around 177.10 during European hours on Thursday. Technical analysis of the daily chart shows that the currency cross is remaining within the descending channel pattern, suggesting an ongoing bearish bias.
The EUR/JPY cross is keeping a bearish near-term tone as price holds below both the nine-period and 50-period Exponential Moving Averages (EMAs). The short-term EMA is trading under the longer one while both remain above spot, suggesting topside pressure, while the 14-day Relative Strength Index (RSI) at 33.25 hovers just above oversold territory, hinting that downside momentum is still dominant but becoming stretched.
The EUR/JPY cross may test the lower boundary of the descending channel around 176.30, followed by an 11-month low of 175.70, recorded in November 2025. Further declines below this confluence support zone would expose the 14-month low of 169.72.
On the upside, the primary resistance lies at the nine-day EMA of 177.87, followed by the 50-day EMA at 180.91. A break above these moving averages would support the EUR/JPY cross to approach the upper boundary of the descending channel around 184.10, followed by the all-time high of 187.95 set on April 17.
French debt jitters resurface as Treasury mulls shorter issuance
Analysts at ING note that the recent stabilisation in French sovereign markets has proved short-lived. They point out that French government bonds, which had "enjoyed a modest rebound earlier in the week," were "hit by a report yesterday that the French Treasury could shorten the duration of its issuance to protect the long end." ING suggests this shift in issuance strategy has unsettled investors, reinforcing the sense of fragility around French debt and, by extension, related Euro assets.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.02% | 0.11% | 0.06% | -0.05% | 0.23% | 0.11% | -0.04% | |
| EUR | -0.02% | 0.09% | 0.04% | -0.09% | 0.14% | 0.09% | -0.06% | |
| GBP | -0.11% | -0.09% | -0.04% | -0.18% | 0.05% | 0.00% | -0.13% | |
| JPY | -0.06% | -0.04% | 0.04% | -0.13% | 0.10% | 0.01% | -0.08% | |
| CAD | 0.05% | 0.09% | 0.18% | 0.13% | 0.23% | 0.16% | 0.05% | |
| AUD | -0.23% | -0.14% | -0.05% | -0.10% | -0.23% | -0.04% | -0.17% | |
| NZD | -0.11% | -0.09% | -0.01% | -0.01% | -0.16% | 0.04% | -0.09% | |
| CHF | 0.04% | 0.06% | 0.13% | 0.08% | -0.05% | 0.17% | 0.09% |
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).
Recommended Articles
