Home Currency EUR/USD Price Forecast: Rebounds to near 1.1700 as bullish bias prevails
Currency

EUR/USD Price Forecast: Rebounds to near 1.1700 as bullish bias prevails

Share


EUR/USD edges higher after opening at a gap down, trading around 1.1690 during the Asian hours on Monday. The daily chart technical analysis indicates a bullish bias, as the pair is rising within an ascending channel.

The EUR/USD pair holds a modest bullish bias as it stays above both the nine-day and 50-day Exponential Moving Averages (EMAs). This constructive positioning is backed by a 14-day Relative Strength Index near 56, which suggests positive but not overstretched momentum, leaving room for further upside while the pair remains supported on dips.

On the upside, the EUR/USD pair may find its primary barrier at the upper boundary of the ascending channel around 1.1750, followed by the eight-week high of 1.1834, reached on February 23. Further advances above this confluence resistance zone would lead the pair in exploring the region around 1.2082, the highest since June 2021, reached on January 27.

The EUR/USD pair may find the immediate support at the 50-day EMA of 1.1640, aligned with the nine-day EMA of 1.1636. A break below these averages would weaken the price momentum and expose the lower ascending channel boundary around 1.1500, followed by the eight-month low of 1.1411, recorded on March 13.

EUR/USD: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.32% 0.46% 0.27% 0.17% 0.45% 0.28% 0.35%
EUR -0.32% 0.12% -0.04% -0.14% 0.11% -0.03% 0.07%
GBP -0.46% -0.12% -0.17% -0.29% -0.02% -0.17% -0.10%
JPY -0.27% 0.04% 0.17% -0.15% 0.14% -0.03% 0.11%
CAD -0.17% 0.14% 0.29% 0.15% 0.32% 0.13% 0.19%
AUD -0.45% -0.11% 0.02% -0.14% -0.32% -0.15% -0.02%
NZD -0.28% 0.03% 0.17% 0.03% -0.13% 0.15% 0.10%
CHF -0.35% -0.07% 0.10% -0.11% -0.19% 0.02% -0.10%

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).



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Mortgage and refinance interest rates today, April 3, 2026: The oil shock's 'drag on housing' continues – Yahoo Finance

Mortgage and refinance interest rates today, April 3, 2026: The oil shock's 'drag on housing' continues  Yahoo Finance Source link

Enviri Announces Merger Consideration for Sale of Clean Earth and Update Regarding Spin-Off of New Enviri

Enviri Sale of Clean Earth and Spin-off of Harsco Environmental and Rail expected to be completed on June 1, 2026 Enviri stockholders to...

Related Articles

The crypto-bro war has begun (and the US is winning it) | Economy and Business

When Christine Lagarde addressed a central bank conference late last year, her...

Chart EUR/GBP Update: Consolidating – studies leaning lower

Little change, as mixed intraday studies keep near-term sentiment cautious  Level  Comment   Level  Comment R4 0.8720 congestion S1 0.8640 intraday lowsR3 0.8695/00**GBP/EUR...

Wilson Sonsini Advises WuXi AppTec on Issuance of RMB6,780 Million USD Settled Zero Coupon Convertible Bonds Due 2027

On May 21, 2026, all the conditions precedent under the subscription agreement...

Pound Sterling Price News and Forecast: GBP/USD outperforms Euro despite weak UK Retail Sales data

British Pound outperforms Euro despite weak UK Retail Sales dataEUR/GBP trades on the...