- The EUR/USD could seek to recover the ascending channel and re -test the level of 1,1573 – its highest level since November 2021.
- The daily chart analysis points to a weakening of the bullish bias after a break below the ascending channel.
- A fall below the 9 -day EMA in 1,1326 could pave the way for a deeper setback towards the 50 -day EMA support about 1,0944.
The EUR/USD pauses its two -day decline, floating about 1,1340 during the Asian session on Thursday. The technical analysis of the daily graphic indicates a weakening of the bullish bias, since the torque has fallen below the pattern of the Ascending channel.
In addition, the EUR/USD continues to quote just above the 9 -day exponential mobile (EMA) average, indicating a firm upward impulse in the short term. The 14 -day relative force index (RSI) is also maintained above level 50, reinforcing the sustained bullish bias.
On the positive side, the EUR/USD torque could try to re -enter the ascending channel and re -test the maximum of April 21, 1,1573 – its strongest level since November 2021. A successful return to the channel could restore the bullish impulse and potentially lead to the upper limit of the channel near the mark of 1,1930.
The pair is testing a key support in the 9 -day EMA about 1,1326. A rupture below this level could erode the bullish bias and open the door to a movement towards the 50 -day EMA around 1,0944. Higher down pressure could weaken the impulse in the medium term, potentially extending the decline towards the minimum of six weeks of 1,0360, seen for the last time on February 28.
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 | -0.20% | -0.11% | -0.41% | -0.06% | 0.01% | -0.12% | -0.24% | |
| EUR | 0.20% | 0.09% | -0.23% | 0.14% | 0.19% | 0.07% | -0.04% | |
| GBP | 0.11% | -0.09% | -0.28% | 0.05% | 0.12% | -0.02% | -0.13% | |
| JPY | 0.41% | 0.23% | 0.28% | 0.36% | 0.44% | 0.27% | 0.23% | |
| CAD | 0.06% | -0.14% | -0.05% | -0.36% | 0.11% | -0.05% | -0.17% | |
| Aud | -0.01% | -0.19% | -0.12% | -0.44% | -0.11% | -0.12% | -0.23% | |
| NZD | 0.12% | -0.07% | 0.02% | -0.27% | 0.05% | 0.12% | -0.12% | |
| CHF | 0.24% | 0.04% | 0.13% | -0.23% | 0.17% | 0.23% | 0.12% |
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.
