The EUR/USD pair remains weaker for the fourth straight session, trading near 1.1720 during Asian hours on Friday. On the daily chart, technical analysis indicates a prevailing bullish bias, as the pair remains within an ascending channel pattern. Additionally, the 14-day RSI stands at 62.11, indicating strong positive momentum without overbought pressures.
EUR/USD is holding above the bullish 9- and 50-day Exponential Moving Averages (EMAs), maintaining a bullish bias. The bullish outlook remains intact as long as the price remains above the exponential moving averages. The short-term average remains higher than the medium-term scale, confirming the strength of the trend.
EUR/USD may rebound towards a two-month high of 1.1804, which was reached on December 16. A daily close above the main barrier may extend gains towards the upper border of the ascending channel around 1.1850. A break above the channel will support the pair to explore the area around 1.1918, the highest since June 2021.
Further declines could be contained towards the nine-day moving average at 1.1713, followed by the lower limit of the ascending channel around 1.1700. A break below this support zone will weaken short-term price momentum and put downward pressure on EUR/USD to test the 50-day moving average at 1.1644, 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 weakest against the US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | 0.01% | 0.00% | 0.25% | 0.06% | 0.06% | 0.18% | 0.12% | |
| euro | -0.01% | 0.00% | 0.26% | 0.05% | 0.05% | 0.18% | 0.10% | |
| GBP | -0.01% | -0.00% | 0.25% | 0.05% | 0.05% | 0.18% | 0.10% | |
| JPY | -0.25% | -0.26% | -0.25% | -0.18% | -0.19% | -0.07% | -0.14% | |
| Canadian | -0.06% | -0.05% | -0.05% | 0.18% | -0.01% | 0.11% | 0.05% | |
| Australian dollar | -0.06% | -0.05% | -0.05% | 0.19% | 0.00% | 0.13% | 0.05% | |
| New Zealand dollar | -0.18% | -0.18% | -0.18% | 0.07% | -0.11% | -0.13% | -0.08% | |
| Swiss franc | -0.12% | -0.10% | -0.10% | 0.14% | -0.05% | -0.05% | 0.08% |
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 artificial intelligence tool.)
