- EUR/USD rose over 0.78%, supported by the potential impact of US tariffs and a weaker dollar environment.
- Technical analysis points out that EUR/USD will become a buyer's market if it moves above 1.0400, with all eyes on further resistance levels.
- Short-term support and resistance are defined at 1.0222 and 1.0500, with the 50-day SMA becoming an important watch at 1.0558.
EUR/USD rose more than 0.78%, boosted by a Washington Post article that mentioned three of President-elect Trump's top aides and said tariffs would be targeted at specific sectors. The pair is trading at 1.0388, above the opening price.
EUR/USD Price Prediction: Technical Outlook
EUR/USD ended 2024 at around 1.0260 before buyers stepped in and pushed the exchange rate above 1.0300, hitting a four-day high of 1.0436 following a Washington Post headline.
Although the Relative Strength Index (RSI) is trending higher, it remains bearish, but momentum appears to favor buyers.
If buyers want to push EUR/USD higher, they need to decisively clear 1.0400 and then 1.0500. If above this, the next resistance will be at the 50-day simple moving average (SMA) at 1.0558 and then at 1.0600.
On the other hand, if the bears intervene and keep the major price below 1.0400, the pullback towards last year's low of 1.0222 could become even worse. If it weakens further, parity will emerge as the next support level.
EUR/USD Price Chart – Daily
today's euro price
The table below shows the percentage change of the Euro (EUR) against the major listed currencies today. The euro was the strongest against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.79% | -0.76% | 0.24% | -0.79% | -0.39% | -0.40% | -0.58% | |
| EUR | 0.79% | 0.03% | 1.00% | 0.06% | 0.45% | 0.43% | 0.24% | |
| GBP | 0.76% | -0.03% | 0.99% | 0.03% | 0.42% | 0.40% | 0.21% | |
| JPY | -0.24% | -1.00% | -0.99% | -1.02% | -0.59% | -0.58% | -0.58% | |
| CAD | 0.79% | -0.06% | -0.03% | 1.02% | 0.33% | 0.34% | 0.18% | |
| australian dollar | 0.39% | -0.45% | -0.42% | 0.59% | -0.33% | -0.01% | -0.20% | |
| new zealand dollar | 0.40% | -0.43% | -0.40% | 0.58% | -0.34% | 0.01% | -0.19% | |
| swiss franc | 0.58% | -0.24% | -0.21% | 0.58% | -0.18% | 0.20% | 0.19% |
The heat map shows the percentage change between major currencies. The base currency is selected from the left column and the quote currency is selected from the top row. For example, if you select EUR from the left column and move along the horizontal line to USD, the percentage change displayed in the box represents EUR (Basic)/USD (Quote).
