- The EUR/USD could visit the maximum of April 21, 1,1573, marking its strongest level since November 2021.
- The RSI remains above level 50, reinforcing the ongoing upward feeling.
- The pair is currently testing the key support in the nine -day EMA, around 1,1320.
The EUR/USD goes back its recent profits from the previous session, around 1,1360 during the Asian session on Wednesday. The technical analysis in the daily chart continues to show a bullish bias, with the torque remaining inside an ascending channel pattern.
The EUR/USD torque remains slightly above the nine -day exponential mobile average (EMA), pointing out a strong horny impulse in the short term. The 14 -day relative force index (RSI) is also maintained above the 50th brand, further supporting the predominant bullish bias.
Upwards, the EUR/USD torque could test the maximum of April 21, 1,1573 – his highest level since November 2021 – with the following resistance seen near the upper limit of the upward channel around 1,1730.
The EUR/USD torque is testing the key support in the nine -day EMA about 1,1320, followed by the lower limit of the upward channel around 1,1300. A rupture below this crucial support zone could erode the bullish bias and open the door to a movement towards a 50 -day EMA around 1,1057.
Greater downward pressure could weaken the impulse in the medium term, potentially extending the fall to 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 weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.11% | 0.46% | 0.10% | 0.18% | 0.03% | 0.30% | |
| EUR | -0.06% | 0.05% | 0.39% | 0.04% | 0.12% | -0.03% | 0.24% | |
| GBP | -0.11% | -0.05% | 0.34% | -0.00% | 0.07% | -0.07% | 0.19% | |
| JPY | -0.46% | -0.39% | -0.34% | -0.35% | -0.28% | -0.37% | -0.13% | |
| CAD | -0.10% | -0.04% | 0.00% | 0.35% | 0.08% | -0.07% | 0.19% | |
| Aud | -0.18% | -0.12% | -0.07% | 0.28% | -0.08% | -0.14% | 0.11% | |
| NZD | -0.03% | 0.03% | 0.07% | 0.37% | 0.07% | 0.14% | 0.26% | |
| CHF | -0.30% | -0.24% | -0.19% | 0.13% | -0.19% | -0.11% | -0.26% |
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.
