Daily Market Analysis - Majors

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EURJPY Technical Analysis – 11 Aug, 2026
EURJPY – At the FXOpen chart, EURJPY recorded a high of 183.90 on 11 August 2026

At the FXOpen chart, EURJPY recorded a high of 183.90 on 11 August 2026, highlighting the pair’s strong bullish momentum amid persistent yen weakness. The surge reflects continued divergence in monetary policy, with the European Central Bank maintaining a firmer stance compared to the Bank of Japan’s accommodative framework. Technically, the high aligns with the upper boundary of a rising channel, reinforcing the prevailing uptrend. RSI readings remain elevated, suggesting overbought conditions, yet price action shows no immediate reversal signals. Holding above 182.50 as support keeps the bias constructive, with potential extensions toward 185.00 if momentum sustains.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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EURUSD Technical Analysis – 11 Aug, 2026
EURUSD – At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026

At the FXOpen chart, EURUSD touched a low of 1.1531 on 11 August 2026, signalling renewed bearish momentum after failing to sustain gains above 1.1600. The decline reflects dollar strength amid firm U.S. yields, while euro sentiment remains pressured by sluggish growth data. Technically, the low coincides with the 200-day moving average, a critical support zone that has historically attracted buying interest. Momentum indicators show bearish bias, with RSI trending lower but not yet oversold, suggesting room for further downside. A decisive break below 1.1530 could expose 1.1500, while recovery above 1.1580 would ease immediate selling pressure.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.