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

1 Consumer Stock to Keep an Eye On and 2 We Question

Retailers are overhauling their operations as technology redefines the shopping experience. Still, demand can be volatile as the industry is exposed to the...

Charles Schwab launches spot Bitcoin and Ethereum trading

Charles Schwab, a brokerage and investment company, announced on Thursday a phased launch of spot crypto trading offers, targeting its retail clients over...

Related Articles

Donald Trump to Increase Tariffs on EU Cars and Trucks to 25% – InteractiveCrypto

Donald Trump to Increase Tariffs on EU Cars and Trucks to 25%  InteractiveCrypto...

BRICS currency creates dilemma for the dollar – Opinion

YIN YIYUAN/FOR CHINA DAILY The term "BRICS currency" typically refers to a...

Gold & Silver Bull Market and Mining Stocks 2026

Why the Monetary System Is Telling You Something Most Investors Are Ignoring...

Scotiabank Pound-Dollar Forecast: GBP To Rise Towards 1.38 As BoE Supports Sterling

The Pound to Dollar (GBP/USD) exchange rate eased to 1.3576, with the...