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fxJun 29, 2026, 4:12 AM

EUR/JPY Holds Above 184.00 But Bearish Bias Remains Below 100-Day SMA

The EUR/JPY cross trades near 184.20 during early European session on Monday, but gains may be capped as bearish technical bias persists below the 100-day SMA and traders eye fragile US-Iran tensions.

EURJPY

The EUR/JPY cross is trading in positive territory around 184.20 during early European hours on Monday.

However, the potential upside may be limited. A bearish technical bias remains in play as long as the pair trades below the 100-day simple moving average. Additionally, market sentiment is weighed by nervousness over a fragile US-Iran situation, though full details were not provided in the source.

Traders should monitor the 100-day SMA as a key resistance level; failure to break above could renew downside pressure.

Source: FXStreet Forex News