The EUR/USD pair opens the week with a bearish gap, spurred by renewed safe-haven demand linked to the ongoing conflict between the US and Iran, which boosts the US dollar (USD). Still, the currency pair has held above the mid-1.1700 range during the Asian session despite the lack of strong follow-up selling.
From a technical standpoint, it appears that the EUR/USD has broken out of the lower end of a trading range that has persisted for more than a week. This situation is further highlighted by the recent pattern of the 100-period simple moving average (SMA), which has failed to shift from acting as support to becoming resistance, indicating the potential for additional short-term declines.
The Relative Strength Index (RSI) has fallen to 39, showing increased downward momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is edging toward the zero line, with the MACD line now slightly in negative territory. This suggests that previous bullish sentiment is fading, raising the risk for further declines.
Immediate resistance is seen at 1.1800, coinciding with recent intraday highs, ahead of the key 1.1828 level, represented by the 100-period SMA, which presents a considerable obstacle for any recovery. A consistent break above 1.1828 is necessary to alleviate the current bearish sentiment and allow movement toward 1.1860.
On the downside, initial support comes in at 1.1750, with a significant move below this level exposing further support around 1.1720. Should sellers gain traction below 1.1720, attention will turn to 1.1680, marking a deeper bearish target.
EUR/USD 4-hour chart
USD price today
The table below displays the percentage changes of the US dollar (USD) against major currencies today, showing the USD as the strongest against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.38% | 0.39% | 0.16% | 0.11% | 0.61% | 0.55% | -0.00% | |
| EUR | -0.38% | 0.01% | -0.24% | -0.26% | 0.23% | 0.17% | -0.37% | |
| GBP | -0.39% | -0.01% | -0.27% | -0.28% | 0.22% | 0.15% | -0.39% | |
| JPY | -0.16% | 0.24% | 0.27% | -0.02% | 0.47% | 0.41% | -0.14% | |
| CAD | -0.11% | 0.26% | 0.28% | 0.02% | 0.50% | 0.42% | -0.11% | |
| australian dollar | -0.61% | -0.23% | -0.22% | -0.47% | -0.50% | -0.06% | -0.61% | |
| new zealand dollar | -0.55% | -0.17% | -0.15% | -0.41% | -0.42% | 0.06% | -0.55% | |
| swiss franc | 0.00% | 0.37% | 0.39% | 0.14% | 0.11% | 0.61% | 0.55% |
This heat map illustrates the percentage changes between major currencies, where the base currency is selected from the left column and the quote currency from the top row. For instance, by choosing USD from the left and navigating to JPY at the top, the displayed percentage reflects USD (base) to JPY (estimate).
