EUR 17 - Currency Hedger

Currency Hedger April 10, 2026 No Comments

EUR/JPY Price Eyes upper ascending channel boundary near 186.50

EUR/JPY may rise toward the 186.50 level near the ascending channel’s upper boundary.
The Relative Strength Index stands at 65.55, indicating strong upward momentum.
The initial support appears at the nine-day EMA of 184.94.

EUR/JPY extends its gains for the second successive day, trading around 186.10 during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

The EUR/JPY cross extends its advance above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforce a constructive bullish bias. The rising Relative Strength Index (RSI) at 65.55 sits just below overbought territory, suggesting firm upward momentum.

The EUR/JPY cross may target the immediate resistance at the upper boundary of the ascending channel around 186.50. A break above the channel would reinforce the bullish outlook and open the door toward the all-time high of 186.88, recorded on January 23.

On the downside, the primary support lies at the nine-day EMA of 184.94. A move below this level could weaken the short-term price momentum, exposing the 50-day EMA at 183.76, followed by the channel’s lower boundary around 183.60. A break below this confluence support zone would cause the emergence of the bearish bias and open the doors for the EUR/JPY cross to navigate the region around a four-month low of 180.81, recorded on February 12.

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

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		0.03%	0.07%	0.10%	0.04%	0.19%	0.17%	0.05%
EUR	-0.03%		0.05%	0.09%	-0.01%	0.17%	0.14%	0.02%
GBP	-0.07%	-0.05%		0.04%	-0.03%	0.11%	0.10%	-0.10%
JPY	-0.10%	-0.09%	-0.04%		-0.07%	0.09%	0.03%	-0.15%
CAD	-0.04%	0.00%	0.03%	0.07%		0.13%	0.12%	-0.07%
AUD	-0.19%	-0.17%	-0.11%	-0.09%	-0.13%		-0.02%	-0.22%
NZD	-0.17%	-0.14%	-0.10%	-0.03%	-0.12%	0.02%		-0.20%
CHF	-0.05%	-0.02%	0.10%	0.15%	0.07%	0.22%	0.20%

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 10, 2026 No Comments

EUR/USD – Bears seem hesitant as breakout above 1.1670 remains in play

EUR/USD consolidates its weekly gains as Hormuz risks offer some support to the US Dollar.
The downside remains cushioned as traders await the latest US consumer inflation figures.
The technical setup favors bulls and backs the case for an extension of the weekly uptrend.

The EUR/USD pair struggles to capitalize on its weekly gains registered over the past four days and trades with a mild negative bias below the 1.1700 mark during the Asian session on Friday. The downside, however, remains cushioned amid the lack of any meaningful US Dollar (USD) buying and ahead of the US consumer inflation figures, due later today.

In the meantime, tensions around the Strait of Hormuz offer some support to Crude Oil prices, fueling inflationary concerns and bolstering hawkish US Federal Reserve (Fed) expectations. This, in turn, is seen acting as a tailwind for the safe-haven USD and undermining the EUR/USD pair. However, hopes of Iran ceasefire stabilizing hold back the USD bulls from placing aggressive bets ahead of the crucial US Consumer Price Index (CPI) and offer some support to the currency pair.

From a technical perspective, the overnight breakout through the 1.1670 confluence – comprising the 200-day Simple Moving Average (SMA) and the 38.2% Fibonacci retracement level of the January-March slide– favors the EUR/USD bulls. Moreover, momentum indicators underpin the constructive tone, with the Relative Strength Index (RSI) hovering near 58, while staying short of overbought conditions, and the Moving Average Convergence Divergence (MACD) in positive territory.

Meanwhile, initial resistance emerges at the 50.0% retracement around 1.1742, followed by the 61.8% Fibo. level at 1.1820, with further barriers at 1.1931 and the prior swing high region near 1.2072. On the downside, immediate support is located at the 200-day SMA at 1.1672 and the nearby 38.2% Fibo. retracement level at 1.1665, while deeper pullbacks would look toward the 23.6% level at 1.1568 and the March monthly swing low, just ahead of the 1.1400 round-figure mark.

EUR/USD daily chart

Currency Hedger April 9, 2026 No Comments

Currency Talk – EUR/CAD NZD/USD, USD/JPY

The Overbalance analysis aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The analysis uses only the Overbalance methodology, which helps determine where a trend may continue or where it may reverse.
Today’s analysis covers three instruments, evaluated solely in terms of 1:1 correction structures.

EURCAD
At the end of March, EURCAD prices broke out of a major 1:1 downtrend pattern at the 1.5948 level, paving the way for further gains. We are currently seeing a continuation of the uptrend, and counting from the March 9 low, we can identify a local 1:1 uptrend pattern. In the event of a correction, the key short-term support remains at the 1.6020 level, where the lower boundary of this pattern is located. Conversely, only a return of the price below 1.5948 could suggest a shift to a downtrend. For now, sentiment remains bullish.

EURCAD – H4 timeframe. Source: xStation

NZDUSD
Since February of this year, NZDUSD has been trending downward, with the market repeatedly forming corrections of similar magnitude. We are currently observing a test of the key resistance level resulting from the 1:1 Fibonacci retracement at 0.5828. A sustained break below this level could lead to a shift in sentiment toward an uptrend. On the other hand, defending this level and keeping the price within the downtrend could result in a return to declines and a test of recent lows at 0.5680. The current zone is of critical importance in the short term.

NZDUSD – H4 chart. Source: xStation

USDJPY
Since mid-February, USDJPY has been in a strong uptrend. Recently, one of the larger corrections occurred, covering a range of approximately 240 pips. The current correction has the same range as the previous one, marked in green, which allows us to identify key support at the 158.10 level, based on a 1:1 ratio. If this level holds, there is a chance for the uptrend to resume and for new highs to be tested. Conversely, a break below this level could lead to a trend reversal and a deepening of the decline.

USDJPY – H4 chart. Source: xStation

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Currency Hedger April 9, 2026 No Comments

EUR/USD – Bulls await break above 200-SMA/38.2% Fibo. confluence near 1.1670

EUR/USD struggles to gain any meaningful traction during the Asian session amid mixed cues.
The Fed’s dovish outlook keeps the USD bulls on the defensive and lends support to the pair.
The fragile US-Iran ceasefire limits the USD downside and acts as a headwind for spot prices.

The EUR/USD pair finds some support near the 1.1650 region during the Asian session on Thursday, and for now, seems to have stalled the previous day’s late pullback from over a one-month high.

The US Federal Reserve’s (Fed) dovish outlook, signaling that it still sees one interest rate cut this year if inflation declines in line with expectations, caps the attempted US Dollar (USD) recovery move and acts as a tailwind for spot prices. Meanwhile, experts seem skeptical about the sustainability of the US-Iran ceasefire. This, in turn, benefits the Greenback’s safe-haven status and caps the upside for the EUR/USD pair.

The overnight failure to build on the momentum beyond the 1.1670 confluence hurdle – comprising the 200-day Simple Moving Average (SMA) and the 38.2% Fibonacci retracement level of the January-March downfall – warrants caution for bulls. That said, the Relative Strength Index (RSI) hovers around 56, and the Moving Average Convergence Divergence (MACD) holds in positive territory and edges higher, hinting that downside pressure is easing rather than a clear bullish reversal.

This makes it prudent to wait for a sustained strength above the said confluence barrier and the 1.1700 mark before positioning for further gains toward the 50% retracement at 1.1747 and the 61.8% Fibo. level at 1.1827, ahead of 1.1941 and 1.2086. On the downside, first support emerges at the 23.6% Fibo. retracement at 1.1568, with a deeper pullback exposing the cycle low region around 1.1409.

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

EUR/USD daily chart

Currency Hedger April 8, 2026 No Comments

EUR/USD – Rises above 1.1650, moving averages amid bullish reversal

EUR/USD may rise toward the six-week high of 1.1795.
The 14-day Relative Strength Index at 56 indicates positive momentum above the midline.
The immediate support lies at the 50-day EMA of 1.1632.

EUR/USD extends its winning streak for the third successive day, trading around 1.1670 during Asian hours on Wednesday. The daily chart technical analysis indicates a bullish reversal as the pair is rising above the descending channel pattern.

The EUR/USD pair has rebounded above the nine-day and 50-day Exponential Moving Averages (EMAs), framing a tentative bullish bias after an earlier downside phase.

The 14-day Relative Strength Index (RSI) momentum indicator at 56 shows positive momentum above the midline, backing the recovery and reducing immediate downside pressure. This configuration points to buyers regaining control as long as the EUR/USD pair holds above recent breakout levels, with scope for an extension higher if it can sustain above the shorter moving average cluster.

On the upside, the EUR/USD pair may target the six-week high of 1.1795, reached on March 2. Further advances would support the pair in exploring the region around 1.2082, the highest since June 2021, reached on January 27.

The EUR/USD pair may find the immediate support at the 50-day EMA of 1.1632, followed by the nine-day EMA of 1.1575. A return to the descending channel would put downward pressure on the pair to test the eight-month low of 1.1411, recorded on March 13. Further declines would put downward pressure on the pair to test the descending channel around 1.1220.

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

Euro Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.64%	-0.77%	-0.74%	-0.32%	-1.04%	-1.49%	-0.93%
EUR	0.64%		-0.14%	-0.13%	0.32%	-0.40%	-0.89%	-0.30%
GBP	0.77%	0.14%		0.00%	0.46%	-0.24%	-0.72%	-0.16%
JPY	0.74%	0.13%	0.00%		0.44%	-0.26%	-0.74%	-0.17%
CAD	0.32%	-0.32%	-0.46%	-0.44%		-0.70%	-1.16%	-0.61%
AUD	1.04%	0.40%	0.24%	0.26%	0.70%		-0.48%	0.08%
NZD	1.49%	0.89%	0.72%	0.74%	1.16%	0.48%		0.57%
CHF	0.93%	0.30%	0.16%	0.17%	0.61%	-0.08%	-0.57%

Currency Hedger April 7, 2026 No Comments

EUR/USD hits one-week highs beyond 1.1570 highs as sentiment brightens

EUR/USD pierces the range top at 1.1570 amid a brighter market mood.
Eurozone Services PMI has been revised slightly higher in March.
Investors hold their breath ahead of Trump’s deadline for destroying Iran.

The Euro (EUR) has brushed off previous weakness to extend its recovery against the US Dollar (USD) to reach fresh weekly highs above 1.1570 on Tuesday’s European morning session. The market sentiment has improved, with European equities turning positive after a negative opening, and Eurozone services activity revised up, which has provided some support for the common currency.

Eurozone HCOB Services Purchasing Managers’ Index (PMI) has been revised to 50.2 on Tuesday from the 50.1 preliminary reading, although it remains significantly below February’s 51.9 reading. Among country members, Spain’s services activity stands out with a 53.3 reading, although France’s services contracted for the third consecutive month, and Germany’s expansion was revised down to 50.9 from preliminary estimations of 51.2.

Investors’ appetite for risk remains limited as the US deadline to Iran draws closer. US President Donald Trump reiterated his threats on Monday, warning Tehran that the US could destroy a country tonight if the Strait of Hormuz is not reopened before Tuesday, at 8 PM Easter Time (00:00 GMT on Wednesday).

Previously, the US and Iran rejected the 45-day ceasefire proposal offered by Pakistan, and Tehran came out with an alternative plan, considered “significant” by Trump but not good enough.

Before that, the European Central Bank’s (ECB) Governing Council member, Dimitar Radev, affirmed that it is still “too early” to say whether the bank will hike rates in April, as they might need some data amid the elevated level of uncertainty.

Technical Analysis: Pushing against the range top

The EUR/USD has turned higher, with technical indicators in the 4-hour chart suggesting an incipient bullish momentum. The Relative Strength Index (RSI) nears 60 after having remained flat around the 50 level, and the Moving Average Convergence Divergence (MACD) histogram is popping up above zero, although the MACD line remains practically flat.

A confirmation above the near-term channel’s top, at the 1.1570 area, would expose the late March and early April highs, in the area between 1.1630 and 1.1640. Further up, the March 10 high, at 1.1667, emerges as a plausible target.

Immediate support emerges at the 1.1505 area, which held bears on April 2 and 6. A confirmation below here would expose the March 30 and 31 lows near 1.1440, ahead of the multi-month lows, at 1.1411 hit in mid-March.

Currency Hedger April 7, 2026 No Comments

EUR/GBP approaches 0.8700 lows following Eurozone and UK services data

Euro maintains a moderate near-term bias, with bears looking at the 0.8700 area.
Eurozone’s services activity for March has been revised up, yet at levels well below February’s.
UK services sector grew at its slowest pace of the last 11 months in March.

The Euro (EUR) extends losses against the British Pound (GBP) for the second consecutive day on Tuesday, approaching the bottom of its near-term horizontal range at 0.8700, from Monday’s highs at 0.8735.

The pair has been unfazed by the moderate upward revision of the Eurozone’s HCOB Services Purchasing Managers’ Index figures, which were revised up on Tuesday.

Mixed Eurozone services data

Business activity in the countries sharing the Euro expanded at a 50.2 pace, according to final estimations, an inch higher than the 50.1 preliminary reading but well below the 51.9 reading seen in February.

Spain’s services sector has been the main driver of the revision, with business activity rising to 53.3 from Flash estimates of 51.9. The numbers for the region’s stronger economies, however, have disappointed, as France’s sector contracted for the third consecutive month and Germany’s expansion was revised down to 50.9 from 51.2 preliminary estimation and 53.5 in February.

In the UK, the S&P Global Services PMI has also been revised down to 50.5 in March, its slowest growing pace in almost a year, from flash estimations of a 51.0 reading and 53.9 in February.

These figures reflect the strong economic impact of the war in Iran on the Eurozone and UK economies, the day when US President Donald Trump’s deadline on Tehran expires. Investors are holding their breath after Trump threatened to “demolish” Iran’s bridges and energy plants, refusing claims against war crimes

Currency Hedger April 7, 2026 No Comments

EUR/GBP steadies above 0.8700 amid ECB hawkish tone

EUR/GBP holds steady near 0.8720 in Tuesday’s early European session.
ECB hawkish tone could underpin the Euro against the Pound Sterling.
Bank of England is anticipated to hold rates this year, according to a Reuters poll.

The EUR/GBP cross trades on a flat note around 0.8720 during the early European session on Tuesday. Traders will take more cues from the Eurozone Retail Sales and German inflation data, which are due later this week. These reports could offer some cues about the European Central Bank (ECB) interest rate path this year.

Meanwhile, the Euro (EUR) could receive some support from the hawkish tone of the European Central Bank (ECB). ECB President Christine Lagarde emphasizied that policy will remain restrictive until inflation sustainably returns to the 2% target.

Additionally, ECB policymaker Francois Villeroy de Galhau said last week that the central bank’s next interest rate move will very likely be an increase although it is still ‌too early to say when it will start hiking. Markets have priced in 2–3 interest rate hikes for 2026 due to surging energy-driven inflation, a significant shift from previous expectations of holding rates.

The Bank of England (BoE) has shifted from a bias toward cutting rates to a “wait-and-see” stance. The UK central bank is expected to hold Bank Rate at 3.75% for the rest of the year, according to a narrow majority of economists polled by Reuters who have mostly abandoned their previous expectations for cuts but have not followed financial markets in expecting nearly three rate rises this year.