EUR 2 - Currency Hedger

Currency Hedger April 27, 2026 No Comments

EUR/JPY Tests nine-day EMA support near 186.50

EUR/JPY may explore the region around the all-time high of 187.95.
The 14-day Relative Strength Index near 60 signals positive momentum without extreme conditions.
The immediate support lies at the nine-day EMA of 186.75.

EUR/JPY inches lower after registering modest gains in the previous day, trading around 186.70 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is positioned within the ascending channel, signaling an ongoing 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), respectively. The currency cross is hovering just under the recent highs, with the 14-day Relative Strength Index (RSI) around 60, suggesting positive but not extreme momentum that keeps the door open for another push higher while dips remain contained.

The EUR/JPY cross may advance toward the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.70.

On the downside, the immediate support lies at the nine-day EMA of 186.75, aligned with the lower boundary of the ascending channel around 186.60. A sustained break below the channel would put downward pressure on the EUR/JPY cross to test the 50-day EMA at 184.94.

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		-0.06%	-0.07%	-0.10%	-0.03%	-0.30%	-0.17%	-0.02%
EUR	0.06%		0.02%	-0.04%	0.03%	-0.22%	-0.09%	0.04%
GBP	0.07%	-0.02%		-0.04%	0.02%	-0.22%	-0.09%	0.04%
JPY	0.10%	0.04%	0.04%		0.08%	-0.20%	-0.09%	0.11%
CAD	0.03%	-0.03%	-0.02%	-0.08%		-0.27%	-0.16%	0.01%
AUD	0.30%	0.22%	0.22%	0.20%	0.27%		0.14%	0.28%
NZD	0.17%	0.09%	0.09%	0.09%	0.16%	-0.14%		0.15%
CHF	0.02%	-0.04%	-0.04%	-0.11%	-0.01%	-0.28%	-0.15%

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 27, 2026 No Comments

EUR/USD Price Bounces back to near 1.1730 as 20-day EMA remains supportive

EUR/USD turns positive around 1.1730 as the US Dollar gives back early gains.
Iran prepares to reopen the Hormuz if the US lifts the blockade on Iranian sea ports.
Investors await the Fed-ECB monetary policy announcements.

The EUR/USD pair claws back its early losses and turns positive around 1.1730 during the Asian trading session on Monday. The major currency pair gains as the US Dollar (USD) turns upside down.

During the press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.06% lower to near 98.45. The USD Index opened significantly higher around 99.35 as the United States (US) canceled a visit to Islamabad for another round of peace talks with Iran, despite Iran’s foreign minister Seyed Abbas Araghchi visiting Pakistan to resume talks.

Meanwhile, Iran has offered a new proposal to the US to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations, according to Axios, Bloomberg reported. The report shows that nuclear talks would come later, only after a US blockade of the Strait of Hormuz were lifted. This indicated Iran’s readiness to end the almost two-month-long conflicts in the Middle East.

This week, investors brace for high volatility in the major currency pair as both the Federal Reserve (Fed) and the European Central Bank (ECB) are scheduled to announce monetary policies on Wednesday and Thursday, respectively.

EUR/USD technical analysis

EUR/USD trades marginally higher at around 1.1730 as of writing. The pair holds a constructive near-term bias as it trades above the 20-day exponential moving average (EMA) at 1.1696, suggesting buyers retain control after reclaiming this dynamic support.

The Relative Strength Index (RSI) at 54.9 sits moderately above the 50 line, hinting at firm but not overstretched bullish momentum as price pushes deeper into the upper half of the recent Fibonacci retracement grid.

On the topside, immediate resistance emerges at the 50.0% Fibonacci retracement at 1.1749; a sustained break higher would expose the 61.8% retracement at 1.1828, followed by 1.1941 and the cycle high region near 1.2085. On the downside, initial support is provided by the 20-day EMA at 1.1696, with additional protection at the 38.2% Fibonacci level at 1.1670; a deeper pullback would bring the 23.6% retracement at 1.1572 into view ahead of the structural floor around 1.1413.

Currency Hedger April 24, 2026 No Comments

Trade of The Day – EUR/USD

Facts: The pair bounced off the key technical support near 1.1660 Mid-term trend remains upward Recommendation: Trade: Long position on EURUSD at market price Target: 1.1830, 1.1900 Stop: 1.1600

Opinion : EURUSD has been trading in an upward trend recently. Looking at the H4 interval, one can see that the recent downward correction reached the key support, where buyers appeared .The area 1.1660-1.1670 is marked with previous price reactions, 200-period moving average, as well as lower limit of 1:1 structure. According to the classic technical analysis and Overbalance methodology, continuation of the upward move looks to be the base case scenario. We recommend going long EURUSD at market price with two targets: 1.1830 and 1.1900. We also recommend placing a stop loss order at 1.1600. Source: xStation5

Currency Hedger April 24, 2026 No Comments

EUR/GBP remains stalled below 0.8680 following strong UK Retail Sales data

EUR/GBP recovery from 0.8654 lows remains capped below 0.8680.
UK Retail Sales beat expectations in March, but mainly due to fuel sales.
The stalemate in Iran keeps the EUR and the GBP vulnerable against the US Dollar.

The Euro (EUR) remains practically flat against the British Pound (GBP) on Friday, trading at 0.8675 at the time of writing, with resistance at the 0.8680 area capping Thursday’s rebound from 0.8654 lows. The strong UK retail consumption data, which has shown a larger-than-expected rebound in March, has failed to make any significant impact on the pair so far.

Data released by National Statistics on Friday revealed that UK Retail Sales rose by 0.7% in March, following a 0.6% contraction in February, and beating expectations of a 0.2% gain. The core Retail Sales, excluding fuel and automobile sales, however, rose at a modest 0.2% pace in March, in line with the market expectations, also after a 0.6% decline in the previous month.

Higher energy costs are a concern for UK businesses and consumers

On Thursday, preliminary UK business activity showed that both the manufacturing and services sectors continued to expand at healthy levels, but costs reached their highest levels since records began, clouding the outlook for future economic activity.

Later in the day, the GfK Consumer Confidence index deteriorated to its lowest levels in three years. UK consumers have grown more pessimistic, wary that prices will continue growing amid the energy shock triggered by Iran’s war and that mortgage costs will increase, assuming that the Bank of England (BoE) will hike interest rates. These figures hurt the Pound and provided some support to a weak Euro.

In Europe, the focus on Friday is on the German IFO business climate data, which is also expected to have deteriorated in April, weighed by the higher costs of energy.

On the geopolitical front, the peace process between Iran and the US remains stalled while tensions between the two countries grow. Iran released footage of a seizure of a cargo vessel on the Strait of Hormuz, and US President Donald Trump threatened to destroy any ship mining the waterway. The escalating tensions and the absence of news about the new round of talks, scheduled for this week, are weighing both currencies against the safe-haven US Dollar.

Currency Hedger April 24, 2026 No Comments

EUR/USD Forecast – Struggles below 1.1700 as bears await 200-EMA breakdown on H4

EUR/USD struggles to register any meaningful recovery and hangs near a two-week low.
Rising Iran tensions and reviving hawkish Fed bets underpin the USD, capping spot prices.
The technical setup seems tilted in favor of bears and backs the case for further losses.

The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades around the 1.1680-1.1675 region, just above a nearly two-week low touched the previous day.

Despite a temporary extension of the ceasefire, the lack of progress in peace talks due to the US naval blockade of Iranian ports tempers hopes for a durable de-escalation and keeps investors on edge. Furthermore, elevated Crude Oil prices revive inflationary concerns and fuel hawkish US Federal Reserve (Fed) expectations. This, in turn, assists the US Dollar (USD) in preserving its gains registered over the past three days and acts as a headwind for the EUR/USD pair.

From a technical perspective, spot prices currently hover around the 200-period Exponential Moving Average (EMA) on the 4-hour chart, keeping the immediate tone neutral after the recent slide from higher levels. However, Thursday’s breakdown below the 38.2% Fibonacci retracement level of the recent upswing from the March swing low favors the EUR/USD bears. Moreover, the Relative Strength Index (RSI) near 32 suggests lingering downside pressure.

Meanwhile, the slightly negative Moving Average Convergence Divergence (MACD) reading reinforces a lack of clear bullish momentum despite the EMA support. In the meantime, any further weakness could find immediate support near the 50.0% Fibonacci retracement at 1.1648. A convincing break below this zone would open the way toward the deeper retracement levels at 1.1600 and 1.1532, ahead of the cycle floor at 1.1445.

On the upside, initial resistance is located at the 38.2% Fibo. retracement at 1.1696, with a break there exposing the next hurdle at the 23.6% retracement at 1.1755. Nevertheless, the broader setup suggests that the path of least resistance for the EUR/USD pair is to the downside, and any meaningful recovery attempt is more likely to get sold into.

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

EUR/USD 4-hour chart

US Dollar Price This week

The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Swiss Franc.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.52%	0.18%	0.61%	0.18%	-0.01%	0.14%	0.70%
EUR	-0.52%		-0.33%	0.00%	-0.32%	-0.49%	-0.42%	0.18%
GBP	-0.18%	0.33%		2.17%	0.02%	-0.17%	-0.09%	0.52%
JPY	-0.61%	0.00%	-2.17%		-0.43%	-0.54%	-0.49%	0.11%
CAD	-0.18%	0.32%	-0.02%	0.43%		-0.08%	-0.07%	0.51%
AUD	0.01%	0.49%	0.17%	0.54%	0.08%		0.15%	0.68%
NZD	-0.14%	0.42%	0.09%	0.49%	0.07%	-0.15%		0.57%
CHF	-0.70%	-0.18%	-0.52%	-0.11%	-0.51%	-0.68%	-0.57%

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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Currency Hedger April 24, 2026 No Comments

EUR/JPY – Holds above 186.50 to test nine-day EMA barrier

EUR/JPY may rise toward the all-time high of 187.95.
The 14-day Relative Strength Index near 58 indicates positive momentum without overbought conditions.
The primary support lies at the 50-day EMA at 184.86.

EUR/JPY inches higher after three days of gains, trading around 186.60 during Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned slightly below the ascending channel, signaling potential for a bearish reversal.

However, the EUR/JPY cross holds a constructive bullish bias as it remains above the 50-day Exponential Moving Average (EMA) while facing immediate friction at the nine-day EMA.

Additionally, the 14-day Relative Strength Index sits around 58, comfortably above the midline yet below overbought territory, which suggests positive but not overstretched momentum that could favor further upside as long as the EUR/JPY cross holds over the underlying average.

The EUR/JPY cross is testing the immediate barrier at the nine-day EMA of 186.69. A rebound back to the ascending channel would reinforce the bullish bias and support the EUR/JPY cross to test the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.40.

On the downside, further declines would put downward pressure on the EUR/JPY cross to navigate the region around the 50-day EMA at 184.86.

Euro Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.09%	0.10%	0.05%	0.10%	0.17%	0.21%	0.12%
EUR	-0.09%		0.00%	0.00%	0.00%	0.08%	0.12%	0.04%
GBP	-0.10%	-0.01%		-2.13%	0.02%	0.08%	0.12%	0.02%
JPY	-0.05%	0.00%	2.13%		0.03%	0.10%	0.14%	0.03%
CAD	-0.10%	0.00%	-0.02%	-0.03%		0.06%	0.10%	0.02%
AUD	-0.17%	-0.08%	-0.08%	-0.10%	-0.06%		0.04%	-0.07%
NZD	-0.21%	-0.12%	-0.12%	-0.14%	-0.10%	-0.04%		-0.09%
CHF	-0.12%	-0.04%	-0.02%	-0.03%	-0.02%	0.07%	0.09%

Currency Hedger April 23, 2026 No Comments

EUR/USD rebounds as USD eases despite strong PMIs, Hormuz tensions in focus

EUR/USD rebounds as USD loses momentum despite upbeat US PMI data.
US-Iran tensions keep sentiment cautious, leaving EUR/USD driven by USD dynamics.
Oil-driven inflation fears prompt markets to price in a higher-for-longer interest rate outlook.

EUR/USD rebounds on Thursday after trading under pressure earlier in the day, as the US Dollar (USD) loses momentum, allowing the Euro (EUR) to recover from intraday lows despite upbeat US Purchasing Managers Index (PMI) data and cautious market sentiment amid US-Iran tensions.

At the time of writing, EUR/USD is trading around 1.1714, bouncing from an intraday low of 1.1679. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 98.57 after hitting an intraday high of 98.80.

The preliminary S&P Global Manufacturing PMI rose to 54.0 in April, beating expectations and up from 52.3 in March, marking a 47-month high. The S&P Global Services PMI also improved to 51.3, above forecasts of 50.0 and up from 49.8, reaching a two-month high, with both coming above expectations.

Meanwhile, US Initial Jobless Claims rose to 214K in the week ending April 18, above the 212K forecast and up from 208K previously.

Despite the strong PMI data, the US Dollar failed to capitalize on the upside surprise, with the pullback likely technical in nature. However, the downside should remain limited amid ongoing US-Iran tensions in the Strait of Hormuz and stalled peace talks.

In the latest developments, US President Donald Trump said on Truth Social that “we have total control over the Strait of Hormuz, no ship can enter or leave without the approval of the United States Navy.” He also added that he has ordered the Navy to “shoot any boat putting mines in Hormuz,” stating that the route is “sealed up tight” until Iran is able to make a deal.

Iran’s stance remains firm, with officials insisting that the US must remove the naval blockade, which Tehran views as a violation of the ceasefire and a key obstacle to resuming negotiations. Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament and lead negotiator, said late on Wednesday that reopening the Strait of Hormuz would be “impossible” while the US and Israel committed “flagrant” breaches of the ceasefire.

As the Strait of Hormuz remains under a dual blockade, ongoing supply disruptions are keeping Oil prices elevated and inflation risks in focus. This is adding pressure on central banks to maintain a tighter monetary policy stance. Markets are increasingly pricing in potential rate hikes from the European Central Bank (ECB), while expecting the Federal Reserve (Fed)to keep interest rates on hold, a shift from earlier expectations of rate cuts.

Looking ahead, market sentiment is likely to remain sensitive to developments in the US–Iran conflict, with EUR/USD largely at the mercy of US Dollar dynamics.

Currency Hedger April 23, 2026 No Comments

Currency Talk – EURCAD, EURUSD, GBPUSD

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 Since March 10, EURCAD has been trading in an uptrend; however, during yesterday’s session, the local 1:1 bullish pattern was negated at the 1.6040 level. According to the Overbalance methodology, this may support a scenario involving a return to the downtrend. Further confirmation would be a return of the price below the 1.5948 level, i.e., back into the previous downtrend. On the other hand, a break above 1.6040 could restore the bullish scenario.

EURCAD – H4 timeframe. Source: xStation EURUSD Since mid-March, the EURUSD has been trending upward, but in recent days we have seen a downward correction. The price is approaching key support at the 1.1650 level, which stems from the lower boundary of the local 1:1 pattern. A potential bounce at this point could lead to the generation of another upward impulse. Conversely, a sustained break below the 1.1650 level would open the way for a return to the downtrend.

EURUSD – H4 chart. Source: xStation GBPUSD The GBPUSD pair is showing a situation very similar to that of the EURUSD. An uptrend has been in place since late March, but a correction has emerged in recent days. Should this correction deepen, the key support level remains at 1.3428. A break below this level could open the way for declines, which would be confirmed upon a drop below 1.3360—the polarity of the previously negated 1:1 downward geometric pattern.

GBPUSD – H4 timeframe. Source: xStation