- EUR/USD is expected to revisit its peak of 1.1573 from April 21, which would be its highest point since November 2021.
- The RSI remains above the 50 level, indicating a continued bullish sentiment.
- The pair is currently testing important support at the nine-day EMA, around 1.1320.
During Wednesday’s Asian session, EUR/USD has reclaimed gains from the previous day, trading near 1.1360. Daily chart analysis supports a bullish outlook, with the pair staying within a rising channel pattern.
Short-term bullish momentum is evident for the EUR/USD pair, which is just above the nine-day exponential moving average (EMA). The 14-day relative strength index (RSI) holds above the 50 mark, reinforcing the overall bullish sentiment.
If things go well, the EUR/USD pair is set to retest the April 21 high of 1.1573, the highest level since November 2021, with the next resistance nearby at 1.1730, at the upper end of the upward channel.
The pair is currently testing vital support at the nine-day EMA of about 1.1320, with a potential lower boundary around 1.1300. Dropping below this significant support could undermine the bullish outlook and lead towards the 50-day EMA, likely around 1.1057.
Additional downward pressure might sap medium-term momentum, possibly taking the pair down to a six-week low of 1.0360, which was last seen on February 28.
EUR/USD: Daily Charts
Today’s Euro Price
The following table displays the euro’s performance against other listed currencies. Today, the euro is showing weakness 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 heatmap illustrates the rate of change among major currencies. You can see how each currency performs relative to the euro, for instance, by looking at the changes against the US dollar.
