google.com, pub-7611455641076830, DIRECT, f08c47fec0942fa0
Forex

EUR/JPY worth forecast: Eyes bullish breakout above 172.50 barrier

  • EUR/JPY could discover an preliminary barrier across the higher boundary of the rectangle at 172.50.
  • The 14-day RSI is positioned above 50, indicating a prevailing bullish bias.
  • The preliminary assist seems on the nine-day EMA of 171.81.

EUR/JPY extends its profitable streak for the third successive session, buying and selling round 172.40 throughout the European hours on Tuesday. The technical evaluation of the each day chart suggests a possible for a bullish bias because the forex cross is trying to interrupt above the oblong sample.

The 14-day Relative Energy Index (RSI) is already above the 50 mark, supporting the bullish outlook. Moreover, the short-term worth momentum is stronger because the EUR/JPY cross is positioned above the nine-day Exponential Transferring Common (EMA).

On the upside, a profitable breach above the higher boundary of the rectangle round 172.50 could supply the affirmation of the prevailing bullish sentiment and assist the EUR/JPY cross to discover the area round 173.90, the best since July 2024, recorded on July 28, 2025.

The nine-day EMA at 171.81 seems because the preliminary assist. A break under this degree would dampen the short-term worth momentum and immediate the EUR/JPY cross to navigate the area across the rectangle’s decrease boundary at 170.00, adopted by the 50-day EMA at 169.82 and the six-week low at 169.72, which was recorded on July 31. Additional assist seems at, adopted by the two-month low at 168.46, recorded on July 1.

EUR/JPY: Each day Chart

Euro PRICE Right now

The desk under reveals the share change of Euro (EUR) towards listed main currencies right this moment. Euro was the strongest towards the Australian Greenback.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.03% -0.23% 0.19% 0.08% 0.31% 0.15% -0.34%
EUR -0.03% -0.24% 0.16% 0.08% 0.31% 0.15% -0.33%
GBP 0.23% 0.24% 0.52% 0.32% 0.55% 0.40% -0.10%
JPY -0.19% -0.16% -0.52% -0.10% 0.10% -0.04% -0.43%
CAD -0.08% -0.08% -0.32% 0.10% 0.27% 0.06% -0.43%
AUD -0.31% -0.31% -0.55% -0.10% -0.27% -0.17% -0.64%
NZD -0.15% -0.15% -0.40% 0.04% -0.06% 0.17% -0.58%
CHF 0.34% 0.33% 0.10% 0.43% 0.43% 0.64% 0.58%

The warmth map reveals share modifications of main currencies towards one another. The bottom forex is picked from the left column, whereas the quote forex is picked from the highest row. For instance, should you choose the Euro from the left column and transfer alongside the horizontal line to the US Greenback, the share change displayed within the field will symbolize EUR (base)/USD (quote).

Related Articles

Back to top button