EUR 14 - Currency Hedger

Currency Hedger April 22, 2026 No Comments

Trade of The Day: EUR/USD

Key takeaways

How does the technical situation on EURUSD looks like?

Facts:

EURUSD is trading in an upward move from mid-March
The pair bounced off the horizontal support at 1.1725 USD
The pair is trading above the 100 – period moving average form H4 interval

Recommendation: Trade: Long position on EURUSD at market price Target: 1.1833, 1.1884 Stop: 1.1680

Opinion: Looking at EURUSD at the H4 interval, we can see that the main sentiment on the pair is bullish. However, a downward correction has occurred recently, which has brought the pair down to the key support at 1.1725 USD. The support is a result of previous reactions as well as a lower limit of 1:1 structure. According to the Overbalance strategy, as long as the price sits above 1.1725 support, the main trend remains upward. We recommend going long EURUSD at market price with two targets: 1.1833 and 1.1884. We also recommend placing a stop loss order at 1.1680. Source: xStation5

Currency Hedger April 22, 2026 No Comments

EUR/CAD steadies below 1.6050 as improved oil prices lift Canadian Dollar

EUR/CAD holds losses as the Canadian Dollar gains on improved oil prices.
Maritime authorities said an IRGC-linked gunboat fired on a Liberia-flagged vessel and two other cargo ships.
ECB’s Lagarde warns Eurozone outlook is highly uncertain due to a significant energy supply shock.

EUR/CAD extends its losing streak for the sixth consecutive day, trading around 1.6040 during the European hours on Wednesday. The currency cross stays subdued as the Canadian Dollar (CAD) draws support from a stronger risk-on mood after US President Donald Trump extended the ceasefire despite the collapse of second-round US–Iran talks.

Moreover, the commodity-linked CAD is further supported by firmer oil prices amid renewed attacks on shipping near Iran. Maritime authorities reported that a Liberia-flagged container vessel was fired upon by a gunboat linked to Iran’s Islamic Revolutionary Guard Corps, while two additional outbound cargo ships were also targeted.

However, a Bloomberg headline, citing Tasnim News Agency affiliated with the IRGC, noted that Iran has received “some sign” the United States (US) may be willing to ease its naval blockade.

The Canadian Dollar may continue to gain as rising energy prices could boost foreign exchange inflows into Canada’s financial system, reflecting the country’s status as the largest crude exporter to the United States. Higher energy costs could also lift inflation, potentially prompting the Bank of Canada (BoC) to signal a firm stance against persistent price pressures, further underpinning the currency.

European Central Bank (ECB) President Christine Lagarde warned that the Eurozone outlook remains highly uncertain due to a significant energy supply shock tied to Middle East tensions and the Strait of Hormuz blockade. While energy prices have yet to reach worst-case levels, she stressed that the outlook remains fragile.

Currency Hedger April 22, 2026 No Comments

EUR/GBP remains depressed below 0.8700 after hot UK CPI figures

EUR/GBP extends losses for the second consecutive day and trades below 0.8700.
UK consumer price figures confirm the inflationary impact of the US-Iran war.
In the Eurozone, ECB speakers, including President Lagarde, will grab some attention later in the day.

The Euro (EUR) is heading south for the second consecutive day against the British Pound (GBP) on Wednesday, trading near session lows below 0.8700, as UK inflation figures put pressure on the Bank of England to bring the possibility of an interest rate hike back to the table.

Data released by the Office for National Statistics earlier on Wednesday showed that the UK Consumer Prices Index (CPI) accelerated to a 3.3% year-on-year (YoY) rate in March. These figures follow two consecutive months of prices growing steadily by 3% YoY, and highlight the inflationary impact of the Middle East war.

The monthly CPI accelerated by 0.7%, its highest level in almost one year, beating expectations of a 0.6% increase, and following a 0.4% gain in February.

Likewise, producer and retail prices have increased beyond forecasts. The Input Producer Prices Index (PPI) surged 4.4% in March and 5.4% year on year. Retail prices rose 0.8% from February and 4.1% over the last 12 months, both above market expectations of 0.7% and 3.9%, respectively.

The Bank of England (BoE) meets on April 30 and is widely expected to keep interest rates unchanged. The upside risks to inflation, however, are likely to give hawkish committee members grounds to call for some monetary tightening down the road.

In the Eurozone, the focus on Wednesday will be on a slew of European Central Bank (ECB) speakers, including President Christine Lagarde, later in the day. The ECB is also expected to keep its monetary policy on hold at its April meeting, and therefore, they are likely to stick to the mantra of waiting for further economic data.

Currency Hedger April 22, 2026 No Comments

EUR/JPY Remains above 187.00 as bullish bias prevails

EUR/JPY may find its initial resistance around the all-time high of 187.95.
The 14-day Relative Strength Index near 63 suggests buyers remain in control.
The primary support lies at the nine-day EMA of 186.83.

EUR/JPY remains subdued for the second successive day, trading around 187.10 during Asian hours on Wednesday. The technical analysis of the daily chart indicates the currency cross is remaining within an ascending channel, signaling a persistent bullish bias.

The EUR/JPY cross holds a bullish near-term bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs). The alignment of the shorter EMA above the longer one. Additionally, the 14-day Relative Strength Index near 63 suggests buyers retain control despite the latest pause just under recent highs.

The EUR/JPY cross may appreciate toward the all-time high of 187.95, which was recorded on April 17. Further advances would support the currency cross to explore the region around the upper boundary of the ascending channel around 188.90.

On the downside, the EUR/JPY cross may find its primary support at the nine-day EMA of 186.83, followed by the lower ascending channel boundary around 186.50. A sustained break below the channel would expose the 50-day EMA at 184.73.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.02%	0.01%	-0.02%	-0.03%	-0.07%	-0.20%	0.00%
EUR	-0.02%		-0.00%	-0.02%	-0.03%	-0.09%	-0.22%	-0.02%
GBP	-0.01%	0.00%		-0.02%	-0.02%	-0.08%	-0.20%	-0.02%
JPY	0.02%	0.02%	0.02%		-0.02%	-0.05%	-0.19%	-0.01%
CAD	0.03%	0.03%	0.02%	0.02%		-0.03%	-0.16%	0.02%
AUD	0.07%	0.09%	0.08%	0.05%	0.03%		-0.14%	0.04%
NZD	0.20%	0.22%	0.20%	0.19%	0.16%	0.14%		0.19%
CHF	-0.00%	0.02%	0.02%	0.01%	-0.02%	-0.04%	-0.19%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Currency Hedger April 21, 2026 No Comments

EUR/GBP under pressure as Eurozone sentiment deteriorates sharply in April

EUR/GBP edges lower as the Pound outperforms on resilient UK labor data.
Weak Eurozone ZEW sentiment weighs on the Euro amid growth concerns.
Focus shifts to UK inflation data on Wednesday for monetary policy cues.

EUR/GBP trades on the back foot on Tuesday, with the British Pound (GBP) outperforming the Euro (EUR) following broadly resilient UK labor market data, while softer economic sentiment from the Eurozone adds further pressure on the Euro.

At the time of writing, the cross is trading around 0.8700. However, it lacks strong directional momentum and remains range-bound as traders stay cautious amid ongoing US-Iran tensions and uncertainty over potential peace talks.

European sentiment weakened notably in April, with the Eurozone’s ZEW Economic Sentiment Index falling to -20.4 from -8.5 and Germany’s ZEW Economic Sentiment Index dropping to -17.2 from -0.5, both missing expectations.

The sharp drop in sentiment shows that ongoing tensions in the Middle East are starting to weigh on the Eurozone’s outlook. “Businesses are concerned about long-term shortages of energy supply, and this discourages investment and weakens the effect of government stimuli,” said ZEW President Professor Achim Wambach, commenting on the latest survey results.

Meanwhile, markets are also pricing in potential interest rate hikes from the European Central Bank (ECB), as rising Oil prices fuel inflation concerns. However, policymakers remain cautious and are not signaling any immediate policy shift. ECB Vice-President Luis de Guindos said on Tuesday, “I believe we need to be cautious, keep a cool head and analyse the data in a context of tremendous uncertainty.”

ECB President Christine Lagarde said on Monday that policymakers need to gather more information before drawing firm conclusions for monetary policy.

Earlier in the day, data released by the Office for National Statistics showed that the Claimant Count Change rose by 26.8K in March, above expectations. However, other labor market indicators pointed to underlying resilience. Employment Change came in at 25K in the three months to February, while the ILO Unemployment Rate eased to 4.9% from 5.2%.

The mixed but resilient labor market data suggest that the Bank of England (BoE) can afford to remain patient on policy easing, even as markets price in the risk of rate hikes driven by higher Oil prices. UK inflation data for March, due on Wednesday, could further influence interest rate expectations.

A Reuters poll on Tuesday showed that all 62 economists expect the BoE to keep the Bank Rate at 3.75% at its April meeting. Around 53% also expect rates to remain unchanged for the rest of the year.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.22%	0.12%	0.18%	-0.00%	0.20%	-0.25%	0.19%
EUR	-0.22%		-0.10%	-0.04%	-0.23%	-0.02%	-0.48%	-0.03%
GBP	-0.12%	0.10%		0.06%	-0.11%	0.06%	-0.38%	0.07%
JPY	-0.18%	0.04%	-0.06%		-0.17%	0.00%	-0.48%	-0.00%
CAD	0.00%	0.23%	0.11%	0.17%		0.18%	-0.30%	0.18%
AUD	-0.20%	0.02%	-0.06%	-0.01%	-0.18%		-0.48%	-0.01%
NZD	0.25%	0.48%	0.38%	0.48%	0.30%	0.48%		0.47%
CHF	-0.19%	0.03%	-0.07%	0.00%	-0.18%	0.00%	-0.47%

Currency Hedger April 21, 2026 No Comments

EUR/USD retreats near 1.1750 with ZEW survey, US-Iran talks on focus

EUR/USD drifts to session lows near 1.1750 on Tuesday but maintains its upside bias intact.
Investors remain cautious ahead of the ZEW Survey and the US-Iran peace talks.
Eurozone economic sentiment is expected to have remained downbeat in April.

The Euro (EUR) extends losses against the US Dollar (USD) on Tuesday, reaching session lows right above 1.1750 at the time of writing after failing to extend Monday’s gains past 1.1790. Investors have adopted a “wait-and-see” mode, awaiting the release of Eurozone economic sentiment data and developments from the US-Iran peace talks.

The Wall Street Journal affirmed that Tehran told regional mediators that they will send a delegation to Pakistan after threatening to pull out from the process on Monday, following the seizure of an Iranian cargo vessel by the US military. Beyond that, Reuters cited an anonymous US source, affirming that “things are moving forward”, altogether, feeding a moderate market optimism.

In the Eurozone, the German and Eurozone ZEW Economic Sentiment Survey is expected to show downbeat figures in April, highlighting the negative economic impact of the energy shock stemming from the conflict in the Middle East.

The German Economic Sentiment Index is expected to have deteriorated to -5, its weakest reading in the last 12 months, from -0.5 in March. In the Eurozone, the reading is seen improving to -3.6, from -8.5 in the previous month, but still at negative levels, pointing to a pessimistic view about the near-term outlook.

Technical Analysis: Sideways consolidation below 1.1800

EUR/USD maintains its upside trend from the late-March lows intact, but recent price action shows some hesitation ahead of the 1.1800 area. Technical indicators in the 4-hour chart are also hinting at a weakening upside momentum.

The Relative Strength Index has been moving back and forth around the 50 midline, pointing to a lack of clear bias. The Moving Average Convergence Divergence (MACD) remains at its slightly negative levels, showing a fading upside pressure rather than a decisive bearish turn, at least for now.

Bulls have been capped at 1.1790 area earlier on Tuesday, which is closing the path towards Friday’s highs near 1.1850 for now. On the downside, immediate support is located at Monday’s lows near 1.1730, followed by the upward-sloping trendline, now around 1.1705. A clear break below this area would open the way towards a cluster of support levels between 1.1645 and 1.1675, which held bears on April 8, 9, 10, and 13.

Currency Hedger April 21, 2026 No Comments

EUR/JPY Flat lines above 187.00; bullish bias persists amid weaker JPY

EUR/JPY consolidates in a range on Tuesday amid a combination of diverging forces.
Economic concerns due to the Hormuz risks undermine the JPY and support the cross.
Intervention fears and hawkish BoJ bets limit JPY losses, capping gains for spot prices.

The EUR/JPY cross struggles to capitalize on the previous day’s goodish rebound from the 186.25 area, or a one-week low, and oscillates in a narrow range during the Asian session on Tuesday. Spot prices currently trade around the 187.20-187.25 region, nearly unchanged for the day, and remain well within the striking distance of the highest level since August 1990, touched last Friday.

The Japanese Yen (JPY) weakens slightly in reaction to a Reuters report that the Bank of Japan (BoJ) is increasingly likely to hold interest rates steady at its upcoming April meeting. This comes on top of economic concerns stemming from the Middle East conflict and the risk to energy supplies due to continued disruptions to shipping through the Strait of Hormuz. This turns out to be a key factor acting as a tailwind for the EUR/JPY cross.

The BoJ, however, is expected to signal readiness to hike in June as imported energy costs cloud the inflation picture. Moreover, speculations that Japanese authorities would step in to stem further weakness in the domestic currency hold back the JPY bears from placing aggressive bets. Apart from this, a modest US Dollar (USD) uptick is seen weighing on the shared currency, which contributes to capping the upside for the EUR/JPY cross.

The recent breakout above the 185.00 psychological mark comes on top of repeated rebounds from the 100-day Exponential Moving Average (EMA) and favors the EUR/JPY bulls. Adding to this, the Moving Average Convergence Divergence (MACD) indicator is in positive territory, and its histogram is still constructive. Moreover, the Relative Strength Index (RSI) hovers around 64, hinting at strong but not yet extreme buying pressure.

Meanwhile, initial support is reinforced by the 100-day EMA near 183.04, where a deeper pullback would be expected to attract dip-buying interest while the broader bullish structure remains intact. Unless the EUR/JPY cross slides back through this floor, the technical setup suggests that spot prices remain positioned to extend gains, with any consolidation above the moving average likely to be viewed as a pause within the prevailing uptrend rather than a trend reversal.

(The technical analysis of this story was written with the help of an AI tool.)

EUR/JPY daily chart

Currency Hedger April 20, 2026 No Comments

EUR/GBP edges up above 0.8700 with UK’s PM Starmer in question

The Euro appreciates against a weaker Pound as pressure on UK Prime Minister Starmer grows.
Markets opened the week in a cautious tone with the US-Iran peace process on tenterhooks.
German PPI rose 2.5% in March, its strongest reading since August 2022.

The Euro (EUR) advances on Monday against a somewhat weaker British Pound (GBP), as the UK Prime Minister, Keir Starmer, heads to the House of Commons to answer questions about former US ambassador Peter Mandelson’s vetting process.

Lord Mandelson’s appointment caused a scandal last year, due to his ties with convicted sex offender Jeffrey Epstein. Opposition parties are blaming Starmer for failing the security vetting for the position and calling on him to resign for misleading parliament on previous statements related to the appointment.

Cautious markets with the US-Iran peace process teetering

The market, meanwhile, remains cautious, with most currencies trading within previous ranges as the US and Iran exchange threats, with the second round of peace talks in question. The US has seized an Iranian cargo ship attempting to cross the Strait of Hormuz, and Iranian authorities said that they might not attend the peace talks scheduled for next Tuesday due to US violations of the ceasefire.

In Europe, German Producer Prices Index (PPI) data revealed that inflation at factory gates jumped 2.5% in March, its highest monthly reading in nearly four years, confirming the inflationary impact of the war in the Middle East. Year-on-year, the PPI contracted 0.2% following a 3.3% drop in February.

In the UK, the economic calendar is thin on Monday, with the focus on February’s employment report due on Tuesday. Jobless claimants are expected to have eased to a 21.4K increase, from 24.7K in January, while the Unemployment rate is seen steady at 5.2%, and wage inflation is easing somewhat. This will provide the Bank of England with some margin to keep interest rates on hold for some time.