The EUR/USD pair breaks its four-day losing streak, trading around the 1.1720 level during Asian business hours on Monday. On the daily chart, technical analysis indicates a prevailing bullish bias, as the pair remains slightly above an ascending channel pattern. In addition, the 14-day RSI at 61.63 remains in bullish territory, confirming the strong momentum. An RSI above 60 enhances bullish pressure and could sustain tests of near ceilings.
The nine-day Exponential Moving Average (EMA) is rising and standing above the 50-day EMA, maintaining a bullish bias. The stability of the EUR/USD pair above both averages supports the continuation. A positive moving average alignment maintains the path of least resistance to the uptrend.
EUR/USD may target the psychological level of 1.1800, which is in line with the two-month high of 1.1804, reached on December 16. A break above this resistance area will open the way towards the upper border of the ascending channel around 1.1860. Further advance above the channel will lead the pair to explore the area around 1.1918, the highest level since June 2021.
On the downside, immediate support lies at the nine-day moving average at 1.1713, aligned with the lower limit of the ascending channel around 1.1710. A break below the channel will weaken short-term price momentum and put downward pressure on EUR/USD to test the 50-day moving average at 1.1648, followed by a three-week low at 1.1589, which was recorded on December 1.
Euro price today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.08% | -0.18% | -0.22% | -0.04% | -0.23% | -0.18% | -0.09% | |
| euro | 0.08% | -0.10% | -0.13% | 0.04% | -0.16% | -0.13% | -0.01% | |
| GBP | 0.18% | 0.10% | -0.02% | 0.14% | -0.08% | 0.00% | 0.09% | |
| JPY | 0.22% | 0.13% | 0.02% | 0.18% | -0.02% | 0.04% | 0.13% | |
| Canadian | 0.04% | -0.04% | -0.14% | -0.18% | -0.19% | -0.14% | -0.04% | |
| Australian dollar | 0.23% | 0.16% | 0.08% | 0.02% | 0.19% | 0.05% | 0.14% | |
| New Zealand dollar | 0.18% | 0.13% | -0.00% | -0.04% | 0.14% | -0.05% | 0.09% | |
| Swiss franc | 0.09% | 0.01% | -0.09% | -0.13% | 0.04% | -0.14% | -0.09% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen 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 will represent EUR (base)/USD (quote).
The technical analysis for this story was written with the help of an AI tool.)
