EUR 20 - Currency Hedger

Currency Hedger April 2, 2026 No Comments

EUR/JPY Tests nine-day EMA support after easing below 184.00

EUR/JPY may encounter initial resistance near 184.70 at the upper ascending triangle boundary.
The Relative Strength Index near 52 indicates steady momentum.
Immediate support is seen at the nine-day EMA near 183.80.

EUR/JPY depreciates after two days of gains, trading around 183.90 during the Asian hours on Thursday. The technical analysis of the daily chart suggests the currency cross is moving sideways within an ascending triangle pattern, indicating consolidation. However, the structure reflects rising support levels meeting a relatively flat resistance zone, signaling building pressure that could lead to a breakout. A sustained move above resistance would confirm bullish continuation.

The near-term bias is mildly bullish as the EUR/JPY cross holds above the 50-day Exponential Moving Average and the nine-day EMA tracks just beneath spot, reinforcing a shallow upward slope. The Relative Strength Index (RSI) near 52 stays above its midline and confirms steady, rather than aggressive, upside momentum, with recent pullbacks finding demand before the medium-term average.

The EUR/JPY cross may find the initial resistance around the upper ascending triangle boundary at 184.70. A successful break above this triangle would reinforce the bullish bias and lead the currency cross to explore the region around the all-time high of 186.88, reached on January 23.

On the downside, the immediate support lies at the nine-day EMA of 183.80, followed by the 50-day EMA at 183.39. Further support lies at the lower boundary of the ascending triangle around 182.80. A break below the channel would expose a nearly 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 weakest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.46%	0.55%	0.37%	0.28%	0.72%	0.71%	0.53%
EUR	-0.46%		0.09%	-0.11%	-0.21%	0.27%	0.26%	0.06%
GBP	-0.55%	-0.09%		-0.19%	-0.28%	0.18%	0.19%	-0.03%
JPY	-0.37%	0.11%	0.19%		-0.10%	0.35%	0.34%	0.15%
CAD	-0.28%	0.21%	0.28%	0.10%		0.45%	0.43%	0.25%
AUD	-0.72%	-0.27%	-0.18%	-0.35%	-0.45%		-0.01%	-0.23%
NZD	-0.71%	-0.26%	-0.19%	-0.34%	-0.43%	0.00%		-0.20%
CHF	-0.53%	-0.06%	0.03%	-0.15%	-0.25%	0.23%	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 2, 2026 No Comments

EUR/USD Price Declines below 1.1550 as Trump’s Iran war update boosts USD

EUR/USD meets with heavy supply as USD strengthens after Trump’s Iran war update.
Firming Fed rate hike bets further benefit the USD and back the case for deeper losses.
The intraday failure near the 200-period EMA on the H4 validates the negative outlook.

The EUR/USD pair struggles to capitalize on its gains registered over the past two days, reaching the weekly top the previous day, and attracts heavy selling during the Asian session on Thursday. Spot prices drop below the 1.1550 level in the last hour amid the emergence of fresh buying around the safe-haven US Dollar (USD) as US President Donald Trump’s update on the Iran war dampens de-escalation hopes.

Addressing the nation, Trump threatened that Iran would be hit extremely hard over the next two to three weeks and would be brought to the Stone Age if no deal is reached. Trump further added that Iranian energy infrastructure remains a possible target, triggering a sharp rally in Crude Oil prices and fueling inflationary concerns. This, in turn, bolsters bets for a rate hike by the US Federal Reserve (Fed) and turns out to be another factor supporting the USD, which is seen exerting pressure on the EUR/USD pair.

From a technical perspective, the failure to find acceptance above the 200-period Exponential Moving Average (EMA) on the 4-hour chart and a pullback from the 1.1620-1.1625 supply zone favors bearish traders. Moreover, the Moving Average Convergence Divergence (MACD) indicator slips back toward the zero line after a brief positive extension, with the histogram contracting and hinting at fading bullish momentum. Adding to this, the Relative Strength Index (RSI) eases to around 50, reinforcing a loss of directional conviction after failing to sustain overbought proximity earlier in the move.

Meanwhile, initial support emerges at 1.1520, guarding the recent reaction low near 1.1485, where a break would expose the 1.1450 zone as the next downside objective. On the topside, immediate resistance stands at 1.1580 ahead of the 1.1610–1.1620 band, where prior swing highs converge with the 200-period exponential moving average to define a key barrier. A sustained move above this upper resistance zone would be needed to revive a clear bullish bias, while failure to hold 1.1520 would shift focus back toward the mid-1.1400s.

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

EUR/USD 4-hour chart

US Dollar Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.42%	0.53%	0.35%	0.24%	0.67%	0.70%	0.45%
EUR	-0.42%		0.11%	-0.09%	-0.20%	0.26%	0.29%	0.02%
GBP	-0.53%	-0.11%		-0.19%	-0.26%	0.16%	0.20%	-0.08%
JPY	-0.35%	0.09%	0.19%		-0.10%	0.32%	0.35%	0.10%
CAD	-0.24%	0.20%	0.26%	0.10%		0.42%	0.44%	0.20%
AUD	-0.67%	-0.26%	-0.16%	-0.32%	-0.42%		0.03%	-0.26%
NZD	-0.70%	-0.29%	-0.20%	-0.35%	-0.44%	-0.03%		-0.26%
CHF	-0.45%	-0.02%	0.08%	-0.10%	-0.20%	0.26%	0.26%

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 1, 2026 No Comments

EUR/USD edges higher as easing US-Iran tensions outweigh support from strong US data

EUR/USD edges higher on Wednesday as easing US-Iran tensions improve risk appetite.
The US Dollar Index retreats after hitting ten-month highs earlier in the week.
Stronger US data, including ISM PMI, ADP jobs, and Retail Sales, fails to lift the Greenback.

EUR/USD extends its advance for a second consecutive day on Wednesday, climbing to one-week highs as improving optimism around the US-Iran war lifts risk sentiment, pushing the Euro (EUR) higher and weighing on the US Dollar (USD).

At the time of writing, the pair is trading around 1.1611, up about 0.50% on the day after touching a high of 1.1623. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is hovering near 99.45 after touching ten-month highs of 100.64 earlier this week.

The move comes as markets react to growing expectations that the conflict in the Middle East could wind down following recent comments from both US and Iranian leaders.

US President Donald Trump, speaking from the Oval Office, told reporters that the United States “will be leaving Iran very soon,” adding that military action could end within “two or three weeks.” His remarks came after Iranian President Masoud Pezeshkian said on Tuesday that Iran has the “necessary will” to end the conflict, but is seeking guarantees to ensure it does not happen again.

However, uncertainty remains elevated. Trump also said in a post on Truth Social that Iran’s leadership had requested a ceasefire, adding that Washington would consider it only if the Strait of Hormuz is “open, free and clear.” He warned that until then, the US would continue military operations.

On the data front, traders showed a muted reaction to the latest US economic releases. The ISM Manufacturing PMI rose to 52.7 in March, beating expectations of 52.5 and improving slightly from the previous 52.4.

The ADP Employment Change rose by 62K in March, beating expectations of 40K but easing from the previous reading of 66K (revised from 63K). Meanwhile, Retail Sales increased by 0.6% in February, surpassing forecasts of 0.5% and rebounding from a revised -0.1% decline in January (previously -0.2%).

Traders also digested fresh remarks from Federal Reserve (Fed) and European Central Bank (ECB) officials. St. Louis Federal Reserve (Fed) President Alberto Musalem said US monetary policy is “currently at the low end of the neutral range” and is “well positioned,” adding that it should likely be held in place “for some time.” He noted that war-related shocks have “increased risks to the economy and inflation” and said he can see scenarios to both “raise and cut interest rates.”

ECB policymaker Gabriel Makhlouf said the central bank is “ready to act when data clarifies the effects of the war,” warning that a prolonged conflict “would bring the ECB’s adverse scenario closer.” He added that policymakers are “not ruling anything in or out.”

Currency Hedger April 1, 2026 No Comments

EUR/JPY Remains above 183.50 to test nine-day EMA barrier

EUR/JPY tests the immediate resistance at the nine-day EMA of 183.70.
The Relative Strength Index hovers near the 50 mid-line, indicating balanced momentum.
The initial support appears at the 50-day EMA at 183.36.

EUR/JPY extends its gains for the second consecutive day, trading around 183.60 during the Asian hours on Wednesday. The technical analysis of the daily chart suggests the currency cross moves sideways within the ascending triangle pattern, reflecting buying pressure.

The near-term bias is mildly bullish as the EUR/PY cross holds above the 50-day Exponential Moving Average (EMA), continuing to offer a rising trend base. The nine-day EMA remains above the 50-day EMA, keeping a short-term positive alignment despite the recent consolidation under the 184.00 area.

Momentum is balanced, with the Relative Strength Index (RSI) hovering close to the 50 mid-line after recovering from last week’s dip, which points to stabilizing demand rather than aggressive buying pressure.

The EUR/JPY cross is testing the immediate barrier at the nine-day EMA of 183.70, followed by the upper ascending triangle boundary around 184.60. Further advances above the triangle would reinforce the bullish bias and lead the currency cross to explore the region around the all-time high of 186.88, reached on January 23.

On the downside, the primary support lies at the 50-day EMA at 183.36, followed by the lower boundary of the ascending triangle around 182.70. A break below the channel would expose the three-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 New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.09%	-0.09%	0.10%	-0.03%	-0.05%	0.17%	-0.21%
EUR	0.09%		-0.01%	0.18%	0.06%	0.05%	0.28%	-0.11%
GBP	0.09%	0.00%		0.19%	0.06%	0.06%	0.29%	-0.09%
JPY	-0.10%	-0.18%	-0.19%		-0.11%	-0.10%	0.09%	-0.25%
CAD	0.03%	-0.06%	-0.06%	0.11%		0.00%	0.20%	-0.18%
AUD	0.05%	-0.05%	-0.06%	0.10%	-0.01%		0.22%	-0.15%
NZD	-0.17%	-0.28%	-0.29%	-0.09%	-0.20%	-0.22%		-0.37%
CHF	0.21%	0.11%	0.09%	0.25%	0.18%	0.15%	0.37%

Currency Hedger April 1, 2026 No Comments

EUR/USD Trades above mid-1.1500s as bulls await move beyond 61.8% Fibo.

EUR/USD struggles to capitalize on modest Asian session move up to a one-week high.
Inflation fears keep Fed rate hike bets in play, supporting the USD and capping the pair.
The mixed technical setup also warrants caution before positioning for additional gains.

The EUR/USD pair touches a one-week top on Wednesday, though it lacks follow-through buying and remains below the 1.1600 mark through the Asian session. Moreover, the mixed fundamental backdrop warrants some caution before positioning for any further appreciating move.

Despite the optimism over hopes for an early US exit from the Iran war, reports that the UAE is pushing for military action to reopen the Strait of Hormuz keep geopolitical risks in play. This continues to fuel inflationary concerns and hawkish US Federal Reserve (Fed) expectations, which act as a tailwind for the US Dollar (USD) and cap the upside for the EUR/USD pair.

From a technical perspective, the overnight breakout through the 200-hour Exponential Moving Average (EMA) was seen as a key trigger for bullish traders. Moreover, the Moving Average Convergence Divergence (MACD) indicator eases toward the signal line while remaining marginally positive, suggesting fading but still positive momentum after the advance.

Meanwhile, the Relative Strength Index (RSI) near 66 retreats from overbought readings above 70, indicating cooling upside pressure rather than a clear reversal at this stage. Hence, it will be prudent to wait for a move beyond the 61.8% Fibonacci retracement level of the recent fall witnessed over the past week or so before placing fresh bullish bets around the EUR/USD pair.

A sustained break higher would open the way toward the 1.1599 barrier and then the recent swing high around 1.1641. On the downside, immediate support emerges at the 38.2% Fibo. at 1.1520, reinforced by the nearby 200-hour EMA to form a key demand zone. A deeper setback would expose the 23.6% Fibo. level at 1.1492, where buyers would be expected to defend the broader upswing.

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

EUR/USD 1-hour chart

Currency Hedger March 31, 2026 No Comments

EUR/GBP fluctuates as energy-led Eurozone inflation contrasts with fragile UK growth

EUR/GBP trades choppy as traders assess Eurozone inflation and UK growth data.
Rising energy costs push Eurozone inflation above target, adding pressure on the ECB.
UK growth stays weak, limiting the scope for aggressive BoE tightening.

EUR/GBP trades in a choppy range on Tuesday, as traders digest the latest economic data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8691, rebounding after marking an intraday low of 0.8676.

The latest Eurozone preliminary inflation data, the first since the escalation of tensions in the Middle East, showed early signs of the impact from rising energy prices, pushing inflation above the ECB’s 2% target.

Headline inflation showed a notable pickup, with the Harmonized Index of Consumer Prices (HICP) rising by 1.2% MoM in March, accelerating from 0.6% in February. On an annual basis, inflation rose to 2.5% from 1.9%, coming in below expectations of 2.7%.

Core inflation, however, remained more contained. The Core HICP rose 0.8% MoM, unchanged from the previous month, while the annual rate eased slightly to 2.3%, coming in below both the 2.4% forecast and the prior reading.

The data strengthen the case that the European Central Bank (ECB) could consider raising rates in the coming months if Oil prices remain elevated. However, markets are scaling back expectations of any immediate rate hike that had been priced in earlier, as rising energy costs are also fueling concerns about an economic slowdown, particularly in the Eurozone given its heavy reliance on imported energy.

EU Energy Commissioner Dan Jørgensen warned that member states should prepare for a prolonged disruption to energy markets due to the Iran war, according to a letter sent to EU energy ministers.

ECB policymaker Madis Müller said on Tuesday that “the ECB must act if energy prices stay high for a long period,” adding that a rate hike in April “cannot be ruled out.”

In the United Kingdom, growth remained modest. GDP rose 0.1% QoQ in Q4, in line with expectations and unchanged from the preliminary estimate. On a yearly basis, the economy grew 1%, also matching forecasts.

Meanwhile, traders expect the Bank of England (BoE) to consider rate hikes to deal with oil-driven inflation. However, weak growth in the UK, reflected in the latest Q4 GDP data, points to a stagflationary environment, complicating the central bank’s policy outlook.

Currency Hedger March 31, 2026 No Comments

Euro Drops Over 2% in March as Middle East Tensions Weigh

The euro closed March below $1.15, nearing its lowest point in nearly two weeks, after a volatile month marked by escalating tensions in the Middle East. The common currency lost over 2% against the dollar as traders assessed the economic impact of the deepening conflict. Adding to the uncertainty, a Wall Street Journal report revealed that US President Donald Trump had signaled a potential end to the US military campaign against Iran, even if the critical Strait of Hormuz remained largely blocked. Soaring oil prices fueled inflation across Europe, prompting markets to drastically revise their expectations for the European Central Bank’s policy.

Investors now anticipate at least two interest rate hikes in 2026, abandoning earlier forecasts of a 40% chance of a rate cut. While French central bank chief François Villeroy de Galhau reaffirmed the ECB’s commitment to curbing energy-driven inflation, he cautioned that it was “too early” to specify the timing of any rate adjustments.

Currency Hedger March 31, 2026 No Comments

EUR/USD snaps five-day losing streak as Trump mulls ending Iran war

EUR/USD finds support near 1.1450 after snapping a five-day losing streak.

US President Trump is willing to end the war with Iran, WSJ reported.

Investors await flash Eurozone HICP data for March.

The EUR/USD pair attracts bids after a five-day losing streak and edges higher to near 1.1475 during the Asian trading session on Tuesday. The major currency pair ticks up as the US Dollar (USD) edges down amid hopes of an end to the month-long war in the Middle East.

As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades slightly lower to near 100.40.

The expectations of peace in the Middle East war, which involves the United States (US), Israel, and Iran, have accelerated as President Trump has stated that he is willing to end the war, the Wall Street Journal (WSJ) reported. The report also shows that Trump is ready for peace despite the Strait of Hormuz remaining largely closed, as he doesn’t intend a forceful reopening to avoid stretching the military mission beyond his timeline of four to six weeks.

The continuous closure of the Hormuz, through which almost 20% of global energy is supplied, would limit the upside in the oil price, a scenario that will keep global inflation projections elevated. This could be the reason behind a slight downtick in the US Dollar, which should have faced intense selling pressure on peace hopes, as it rallied in the past few weeks due to hopes that de-anchored inflation expectations would discourage the Federal Reserve (Fed) from loosening the monetary policy in the near term.

Meanwhile, higher oil prices are expected to remain a key drag on the Euro (EUR), given that the Eurozone is an energy importer.

On the macro front, investors await the flash Eurozone Harmonized Index of Consumer Prices (HICP) data for March, which will be published at 09:00 GMT. The headline HICP is expected to have grown at a robust pace of 2.7% Year-on-Year (YoY) against the previous reading of 1.9%.