Created
: 2024.09.27
2024.09.27 07:05
The EUR/JPY printed solid gains of over 0.40% on Thursday, extending its rally to three consecutive days. Data from the United States (US) improved risk appetite and consequently weighed on the Japanese Yen due to its safe-haven status. At the time of writing, the cross-pair trades at 161.79.
The EUR/JPY uptrend remains intact, although the pair aimed higher to the bottom of the Ichimoku Cloud (Kumo) after surpassing the 50-day moving average (DMA) at 161.19.
Momentum hints that buyers are losing some steam, as depicted by the Relative Strength Index (RSI) slope turning flat, meaning the consolidation lies ahead.
If EUR/JPY clears the bottom of the Kumo at around 162.45/65, the next resistance level would be the Senkou Span B at 163.13, followed by the 200-day moving average (DMA) at 164.10.
Conversely, if EUR/JPY dives below the September 26 low of 160.74, the next support would be the confluence of the September 24 daily low of and the Tenkan Sen at around 158.99/98
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 | 0.00% | 0.00% | 0.01% | 0.01% | 0.03% | -0.00% | -0.04% | |
EUR | -0.00% | -0.01% | 0.00% | -0.03% | 0.03% | -0.02% | -0.04% | |
GBP | -0.00% | 0.01% | 0.02% | -0.01% | 0.04% | 0.00% | -0.03% | |
JPY | -0.01% | 0.00% | -0.02% | -0.01% | 0.04% | -0.01% | -0.01% | |
CAD | -0.01% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | -0.04% | |
AUD | -0.03% | -0.03% | -0.04% | -0.04% | -0.01% | -0.02% | -0.05% | |
NZD | 0.00% | 0.02% | -0.01% | 0.01% | -0.00% | 0.02% | -0.04% | |
CHF | 0.04% | 0.04% | 0.03% | 0.01% | 0.04% | 0.05% | 0.04% |
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).
Created
: 2024.09.27
Last updated
: 2024.09.27
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