- The EUR/USD is testing the immediate barrier in the 9 -day EMA of 1,1494.
- The 14 -day relative force (RSI) index remains above level 50, reinforcing the bullish impulse.
- The initial support appears at the lower limit of the upward channel around 1,1420.
The EUR/USD extends its winning streak for the fourth consecutive session, quoting around 1,1490 during the Asian hours of Monday. In the daily chart, the technical analysis indicates a strengthening of a bullish bias, since the pair continues to quote inside an ascending channel pattern.
The 14 -day relative force (RSI) index remains above level 50, strengthening the upward perspective. However, the EUR/USD torque is positioned below the 9 -day exponential mobile average (EMA), indicating that the short -term pricing impulse is weakening.
On the positive side, the EUR/USD torque is testing the immediate barrier in the 9 -day EMA of 1,1494. A rupture above this level would improve the impulse of short -term prices and would lead to defy 1,1631, the highest since October 2021, which was marked on June 12, followed by the upper limit of the ascending channel around 1,1730.
The EUR/USD torque could find the initial support on the lower limit of the upward channel around 1,1420. A rupture below the channel could cause the appearance of a bassist bias and exert down pressure on the torque to test the 50 -day EMA in 1,1314.
A greater decrease would weaken the impulse of prices in the medium term and would lead to the torque to prove the minimum of two months of 1,1064, followed by the minimum of three months of 1,0778, seen for the last time on April 1.
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 New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.38% | -0.12% | 0.24% | 0.03% | 0.35% | 0.45% | 0.03% | |
| EUR | 0.38% | 0.24% | 0.69% | 0.42% | 0.69% | 0.82% | 0.38% | |
| GBP | 0.12% | -0.24% | 0.47% | 0.18% | 0.46% | 0.59% | 0.14% | |
| JPY | -0.24% | -0.69% | -0.47% | -0.23% | 0.07% | 0.26% | -0.29% | |
| CAD | -0.03% | -0.42% | -0.18% | 0.23% | 0.36% | 0.41% | -0.04% | |
| Aud | -0.35% | -0.69% | -0.46% | -0.07% | -0.36% | 0.12% | -0.32% | |
| NZD | -0.45% | -0.82% | -0.59% | -0.26% | -0.41% | -0.12% | -0.45% | |
| CHF | -0.03% | -0.38% | -0.14% | 0.29% | 0.04% | 0.32% | 0.45% |
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.
