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
USD/JPY attracts some sellers and erodes a part of Tuesday’s gains to over a one-week top.
The US-Iran ceasefire extension undermines the USD and exerts some pressure on the pair.
Hormuz risks and delayed BoJ rate hike bets cap gains for the JPY and support spot prices.
The USD/JPY pair adds to its modest intraday losses and moves further away from over a one-week high, around the 159.70 region, touched the previous day. Spot prices drop to the 159.00 neighborhood, or a fresh daily low, during the early European session, though the downside potential seems limited.
A temporary extension of the US-Iran ceasefire prompts some selling around the US Dollar (USD) and exerts some downward pressure on the USD/JPY pair. However, economic concerns stemming from a standoff over the Strait of Hormuz, along with bets for a delayed Bank of Japan (BoJ) rate hike, might continue to undermine the Japanese Yen (JPY) and help limit losses for the currency pair.
The USD/JPY pair shows some resilience below the 23.6% Fibonacci retracement level of the recent move up from last week’s swing low, around the 157.60 region, and bounced off the 100-period Exponential Moving Average (EMA) on the 1-hour chart. That said, the Moving Average Convergence Divergence (MACD) has slipped marginally below zero, and the Relative Strength Index (RSI) near 48 signals neutral to slightly soft momentum.
Momentum indicators, in turn, hint that the upside impetus is fading but not yet undermining the broader intraday support near the 23.6% Fibo. retracement at 159.15, reinforced by the 100-period EMA at 159.07 just beneath. A deeper pullback would expose the 38.2% retracement at 158.85, followed by layered Fibonacci supports at 158.60, 158.36, and 158.01, with the 157.57 swing low acting as a more distant structural floor if selling pressure accelerates.
(The technical analysis of this story was written with the help of an AI tool.)
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.
EUR/JPY: Daily Chart
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).
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.
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.
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.)
GBP/USD may find the primary barrier at the two-month high of 1.3599.
The 14-day Relative Strength Index near 59 remains positive, without indicating overbought conditions.
The immediate support lies at the lower boundary of the ascending channel around 1.3500.
GBP/USD inches lower after registering modest gains in the previous day, trading around 1.3520 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias, as the pair moves within the ascending channel pattern.
The GBP/USD pair trades with a mildly bullish near-term bias, holding above both the nine-period and 50-period Exponential Moving Averages (EMAs). The short-term EMA trading above the longer one hints at constructive momentum.
The 14-day Relative Strength Index (RSI) around 59 stays in positive territory without yet signaling overbought conditions, suggesting room for further gains as long as the pair remains supported on dips.
The initial barrier lies at the two-month high of 1.3599, recorded on April 17, followed by the upper boundary of the ascending channel around 1.3750. A break above the channel would reinforce the bullish bias and support the GBP/USD pair to approach the 1.3869, the highest level since September 2021, reached on January 27.
On the downside, the GBP/USD pair may find its immediate support at the lower boundary of the ascending channel around 1.3500, followed by the nine-day EMA at 1.3493. Further declines below this confluence support zone would put downward pressure on the pair to test the 50-day EMA at 1.3423. A sustained break below the medium-term average would expose a nearly five-month low of 1.3159, recorded on March 31, followed by the 1.3010, the lowest since April 2025, which was recorded in November 2025.
GBP/USD: Daily Chart
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the New Zealand Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.09%
0.10%
0.06%
0.00%
0.10%
-0.32%
0.08%
EUR
-0.09%
0.02%
-0.02%
-0.09%
0.04%
-0.41%
0.00%
GBP
-0.10%
-0.02%
-0.02%
-0.10%
0.00%
-0.43%
-0.01%
JPY
-0.06%
0.02%
0.02%
-0.05%
0.02%
-0.43%
0.00%
CAD
-0.00%
0.09%
0.10%
0.05%
0.08%
-0.36%
0.07%
AUD
-0.10%
-0.04%
-0.01%
-0.02%
-0.08%
-0.44%
-0.01%
NZD
0.32%
0.41%
0.43%
0.43%
0.36%
0.44%
0.43%
CHF
-0.08%
-0.00%
0.01%
-0.01%
-0.07%
0.00%
-0.43%
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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
USD/CHF bounces up from 0.7775 but remains capped below 0.7845.
Markets have turned cautious as the US-Iran peace talks wobble.
The pair maintains its bearish trend from late-March highs intact.
The US Dollar (USD) bounced up from 0.7775 lows against the Swiss Franc (CHF) on Friday, but the ensuing recovery attempts have remained below the 0.7845 level on Monday, which leaves the immediate bearish trend in play.
Market sentiment has turned cautious on Monday, as hopes of a swift end to the Middle East war wane, which is providing marginal support to the US Dollar. Iranian authorities are threatening to skip the second round of peace talks scheduled for Tuesday after the US seized an Iranian cargo vessel in the Gulf of Oman on Sunday
Investors, nevertheless, remain faithful that these moves are part of a complex process, and that Washington and Tehran will redress the situation and return to the negotiating table this week. This is keeping most US Dollar pairs at levels relatively close to last week’s peaks.
Technical Analysis: Treading water around $0.7800
The USD/CHF reversal from the 0.8050 area in late March has found support on the 61.8% Fibonacci retracement, drawn from the January 27 low to the March 31 high, near 0.7775, but the near-term bias remains negative, as upside attempts remain capped below the 0.7845 area.
Technical indicators in the 4-hour chart are mixed. The Relative Strength Index (RSI) has bounced out of oversold territory toward the low-40s, while the Moving Average Convergence Divergence (MACD) line hovers marginally above zero with a shallow positive profile, which only hints at fading downside pressure rather than a decisive turn higher.
The pair should breach the mentioned 0.7845 level (April 16 high), to set its focus on the April 8 and 10 highs, at the 0.7930 area, and the descending trendline, now around 0.7950. On the downside, below the mentioned 0.7775, the next target is the area between 78.2% retracement, at 0.7700, and the February 27 low, at 0.7670.
(The technical analysis of this story was written with the help of an AI tool.)
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 Australian Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.02%
0.02%
0.22%
0.00%
0.23%
0.11%
-0.03%
EUR
0.02%
0.03%
0.21%
0.00%
0.24%
0.12%
-0.03%
GBP
-0.02%
-0.03%
0.19%
-0.01%
0.20%
0.09%
-0.07%
JPY
-0.22%
-0.21%
-0.19%
-0.18%
0.03%
-0.13%
-0.24%
CAD
-0.01%
-0.00%
0.00%
0.18%
0.21%
0.07%
-0.05%
AUD
-0.23%
-0.24%
-0.20%
-0.03%
-0.21%
-0.11%
-0.27%
NZD
-0.11%
-0.12%
-0.09%
0.13%
-0.07%
0.11%
-0.15%
CHF
0.03%
0.03%
0.07%
0.24%
0.05%
0.27%
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 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).
The Indian Rupee declines against the US Dollar amid renewed uncertainty over the US-Iran permanent ceasefire.
A sharp recovery in the Oil price has dragged the Indian Rupee.
Iran refuses to resume negotiations with the US due to its excessive demands.
The Indian Rupee (INR) trades lower against the US Dollar (USD) at the start of the week. The USD/INR jumps to near 93.00 as renewed tensions between the United States (US) and Iran have lifted the oil prices and offered support to the US Dollar (USD).
Hormuz closure boosts oil prices
WTI Oil prices trade over 3.5% higher to near $88.00 in the Asian trade on Monday. The Oil price strengthens as Iran closed the Strait of Hormuz, a vital passage to almost 20% of global energy supply, again, as retaliation for the continued US blockade of Iranian sea ports and Washington’s attack on one of Iran’s commercial ships.
On Friday, Iran announced a temporary reopening of the Hormuz after US President Donald Trump announced a ceasefire between Israel and Lebanon.
Currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform in a high oil price environment.
Meanwhile, US President Trump has reiterated threats to obliterate every power plant and bridge in Iran, through a post on Truth Social, if the nation doesn’t take a deal soon.
US Dollar gains on renewed US-Iran tensions
Heightened uncertainty surrounding the occurrence of another round of talks between the US and Iran has improved the safe-haven demand of the US Dollar. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 98.35.
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 Australian Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.11%
0.20%
0.24%
0.04%
0.35%
0.29%
0.16%
EUR
-0.11%
0.09%
0.09%
-0.08%
0.23%
0.19%
0.04%
GBP
-0.20%
-0.09%
0.00%
-0.16%
0.14%
0.10%
-0.06%
JPY
-0.24%
-0.09%
0.00%
-0.15%
0.14%
0.05%
-0.06%
CAD
-0.04%
0.08%
0.16%
0.15%
0.29%
0.22%
0.10%
AUD
-0.35%
-0.23%
-0.14%
-0.14%
-0.29%
-0.05%
-0.17%
NZD
-0.29%
-0.19%
-0.10%
-0.05%
-0.22%
0.05%
-0.14%
CHF
-0.16%
-0.04%
0.06%
0.06%
-0.10%
0.17%
0.14%
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).
Tehran has refused to return to the table to resume negotiations over the permanent ceasefire with the US due to its “excessive demands, unrealistic expectations, constant shifts in stance, repeated contradictions, and the ongoing naval blockade”, according to the Iranian Republic News Agency (IRNA).
FIIs continue raising stake in Indian stock market
Foreign Institutional Investors (FIIs) have remained net buyers in the last three trading days in the Indian stock market, and have raised their stake worth Rs. 1,731.71 crore. The sentiment of foreign investors toward the Indian equity market has improved since the announcement of the two-week ceasefire between the US and Iran, which will expire on April 22.
Overseas investors were not gung-ho on Indian equities since the announcement; however, the pace of selling reduced initially, and eventually they started turning out to be net buyers.
On the data front, investors await the US Retail Sales data for March, which will be released on Tuesday. The US Retail Sales data, a key measure of consumer spending, is estimated to have risen at a strong pace of 1.3% on a monthly basis, against a 0.6% growth seen in February.
Technical Analysis: USD/INR recovers above 20-day EMA
USD/INR recovers its Friday’s losses and rises further to near 93.25 on Monday, resulting in an improvement in the near-term outlook, as it reclaims the 20-period exponential moving average (EMA), which is at 93.05.
The Relative Strength Index (RSI) continues to oscillate in the 40.00-60.00 zone, hinting at waning upside momentum rather than outright oversold conditions.
On the upside, the pair could recover further towards 94.00 if it manages a sustained move above the 20-day EMA. Looking down, the January 28 high at around 92.28 is the key support level; a close below 92.28 would expose the spot to the March 5 low at 91.40.
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