177.50 area: EUR/JPY price forecast as pair tests nine-day EMA support

177.54 marks immediate support at the nine-day EMA, now being tested by EUR/JPY.
At 42.59, the 14-day Relative Strength Index indicates mildly weak momentum.
Near 178.70, the descending channel’s upper boundary provides the main resistance.

177.70 is the approximate level for EUR/JPY in Tuesday’s Asian session. The cross has ended a four-day run of gains. On the daily chart, trading remains contained within a descending channel, indicating that the bearish bias persists.

Short-term support and medium-term resistance are containing EUR/JPY’s consolidation. At 177.54, the nine-day Exponential Moving Average (EMA) sits just below the cross. The 50-day EMA at 179.84 restricts upside, leaving the broader outlook neutral rather than clearly bullish. With a reading of 42.59, the 14-day Relative Strength Index (RSI) remains below its midpoint. This suggests mildly weak momentum, although conditions are not outright oversold.

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Immediate support is under test at 177.54, the nine-day EMA. Should EUR/JPY break below this short-term average, the bearish bias would strengthen, bringing downward pressure towards the 11-month low of 175.70 recorded in November 2025. The descending channel’s lower boundary, around 175.60, would be the next level to watch. A further increase in selling pressure that takes the cross beneath this confluence support zone could leave the 14-month low at 169.72 exposed.

Near 178.70, the descending channel’s upper boundary presents the main upside barrier. Beyond that lies the 50-day EMA at 179.84. Clearing this medium-term average would trigger a bullish reversal and pave the way for EUR/JPY to move towards its all-time high of 187.95, set on April 17.

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(The technical analysis of this story was written with the help of an AI tool. Know more.)

Euro Performance Today

Against the Australian Dollar, the Euro recorded its weakest performance today. The table below sets out the Euro’s (EUR) percentage moves against the major currencies listed.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.05%	0.07%	0.00%	0.03%	-0.28%	0.17%	0.15%
EUR	-0.05%		-0.05%	-0.05%	-0.01%	-0.28%	0.07%	0.05%
GBP	-0.07%	0.05%		-0.02%	-0.02%	-0.23%	0.12%	0.10%
JPY	0.00%	0.05%	0.02%		0.03%	-0.18%	0.14%	0.13%
CAD	-0.03%	0.01%	0.02%	-0.03%		-0.22%	0.13%	0.11%
AUD	0.28%	0.28%	0.23%	0.18%	0.22%		0.35%	0.32%
NZD	-0.17%	-0.07%	-0.12%	-0.14%	-0.13%	-0.35%		-0.01%
CHF	-0.15%	-0.05%	-0.10%	-0.13%	-0.11%	-0.32%	0.01%

Percentage movements between major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. To read EUR (base)/USD (quote), for instance, locate the Euro on the left and follow its row horizontally to the US Dollar column. The intersecting cell gives the percentage change for that pair.