Bearish
EUR/JPY continues decline below 178.50 amid bearish momentum
EUR/JPY has extended its downward trend, trading around 178.40 during the Asian hours on Tuesday. The pair remains within a descending channel pattern, indicating a bearish bias. The 14-day Relative Strength Index (RSI) at 23.09 suggests oversold conditions, yet downside momentum persists.
Key points
- EUR/JPY continues decline below 178.50 amid bearish momentum.
- EUR/JPY trades near 181.50 after rebounding from eight-month lows.
- EUR/JPY holds ground above 185.50 near nine-day EMA.
Sources
AI-generated from public news sources. Not financial advice.
