- The EUR/USD could try the immediate support in the nine -day EMA of 1,0846 in an attempt to re -enter the ascending triangle.
- The 14 -day RSI remains above 50, indicating that the upward perspective remains intact.
- A rupture below the 50 -day EMA in 1,0612 could weaken the impulse of medium -term prices.
The EUR/USD continues its fall per third consecutive session, around 1,0830 during Friday’s Asian negotiation hours. The technical analysis of the daily chart suggests a growing sales pressure and a possible trend reversion, since the torque has fallen below the ascending channel pattern.
In addition, the EUR/USD torque has fallen below the 9 -day exponential (EMA) mobile average, pointing out a weaker short -term prices. However, the 14 -day relative force (RSI) index, a key impulse indicator, is maintained above the 50th mark, suggesting that the upward perspective remains intact. A continuous fall would confirm the change towards a bassist perspective.
The EUR/USD torque could test the immediate support at the 1.0846 level of the 9 -day EMA. A rupture above this level could strengthen the impulse of short -term prices, allowing the torque to re -enter the ascending triangle. This could relive the bullish bias and potentially push the target limit of the triangle about 1,0980.
Down, the EUR/USD torque could go to the 50 -day EMA at the level of 1,0612. A rupture below this support could weaken the impulse of medium -term prices, potentially extending the fall to the minimum of six weeks of 1,0360, registered 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 weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.31% | 0.32% | 0.54% | 0.11% | 0.29% | 0.13% | 0.24% | |
| EUR | -0.31% | 0.03% | 0.23% | -0.17% | -0.01% | -0.11% | -0.08% | |
| GBP | -0.32% | -0.03% | 0.21% | -0.19% | -0.03% | -0.13% | -0.10% | |
| JPY | -0.54% | -0.23% | -0.21% | -0.44% | -0.26% | -0.39% | -0.35% | |
| CAD | -0.11% | 0.17% | 0.19% | 0.44% | 0.16% | 0.06% | 0.10% | |
| Aud | -0.29% | 0.00% | 0.03% | 0.26% | -0.16% | -0.10% | -0.16% | |
| NZD | -0.13% | 0.11% | 0.13% | 0.39% | -0.06% | 0.10% | 0.04% | |
| CHF | -0.24% | 0.08% | 0.10% | 0.35% | -0.10% | 0.16% | -0.04% |
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.
