- The EUR/USD can visit the maximum of four years in 1,1573.
- The 14 -day RSI remains above 70, indicating overcompra conditions and suggesting a possible downward correction.
- The immediate support is observed near the lower limit of the ascending channel, around 1,1400.
The EUR/USD extends its profits for third consecutive session, quoting around 1,1530 during the Asian hours on Tuesday. The technical analysis of the daily chart suggests a growing purchase pressure already measure that the torque moves up into an ascending channel pattern.
In addition, the EUR/USD pair remains above the nine -day exponential mobile average (EMA), pointing out an impulse of strengthened short -term price. However, the 14 -day relative force (RSI) index, a key impulse indicator, remains above the 70th mark, suggesting that the torque is overcompared and that a downward correction is on the horizon.
On the positive side, the EUR/USD torque could try again 1,1573, the highest since November 2021, which was recorded on April 21. A rupture above this level could reinforce the bullish bias and lead the region around the upper limit of the ascending channel at the level of 1,1830.
The EUR/USD torque could test the immediate support around the lower limit of the upward channel in 1,1400, followed by the nine -day EMA at the level of 1,1348. A rupture below this crucial support area could weaken the bullish bias and exert pressure on the torque to navigate the region around the 50 -day EMA at the level of 1,0917.
EUR/USD: Daily graphic
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.22% | -0.21% | -0.52% | -0.27% | -0.29% | -0.27% | -0.17% | |
| EUR | 0.22% | 0.00% | -0.36% | -0.08% | -0.13% | -0.07% | 0.03% | |
| GBP | 0.21% | -0.00% | -0.34% | -0.09% | -0.12% | -0.07% | 0.03% | |
| JPY | 0.52% | 0.36% | 0.34% | 0.27% | 0.23% | 0.34% | 0.41% | |
| CAD | 0.27% | 0.08% | 0.09% | -0.27% | -0.04% | -0.01% | 0.08% | |
| Aud | 0.29% | 0.13% | 0.12% | -0.23% | 0.04% | 0.04% | 0.14% | |
| NZD | 0.27% | 0.07% | 0.07% | -0.34% | 0.00% | -0.04% | 0.11% | |
| CHF | 0.17% | -0.03% | -0.03% | -0.41% | -0.08% | -0.14% | -0.11% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
