Key Moments
- EUR/USD traded around 1.1690 during Asian hours on Tuesday after two consecutive daily declines.
- The pair is testing support at the 50-day EMA near 1.1682, with the 14-day RSI hovering close to the neutral 50 mark.
- A break below the current channel support could open the way toward 1.1411, while a move above 1.1706 would expose resistance levels up to 1.2082.
Technical Picture for EUR/USD
EUR/USD showed limited movement during Asian trading on Tuesday, holding near 1.1690 after falling for two straight sessions. On the daily chart, price action is pressing against the lower edge of an ascending channel, hinting at the risk of a potential bearish reversal.
From a near-term perspective, the pair is trapped between two closely aligned moving averages. EUR/USD is trading just above the 50-period Exponential Moving Average (EMA) while remaining contained below the nine-period EMA. This narrow gap between the short-term and medium-term EMAs signals a consolidation phase rather than a decisive directional move.
Momentum indicators are equally balanced. The 14-day Relative Strength Index stands close to 50, reinforcing the notion that buying and selling forces are currently in equilibrium following the pair’s recent recovery.
Key Support and Resistance Levels
On the downside, immediate support is located at the 50-day EMA at 1.1682, which coincides with the lower boundary of the ascending channel. A sustained break below this technical region would increase downside pressure and could steer the pair toward the area around the nine-month low at 1.1411, which was registered on March 13.
On the upside, the first key hurdle is the nine-day EMA at 1.1706. A clear move above this short-term average would bolster the case for further gains toward the 11-week high at 1.1849, posted on April 17. Beyond that, the upper line of the ascending channel sits near 1.1960. A successful breakout above the channel resistance would then bring the region around 1.2082 into view, which marked the highest level since June 2021 and was reached on January 27.
EUR/USD: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
Euro Performance Against Major Currencies
The table below presents the percentage change of the euro (EUR) against other major currencies today. According to this snapshot, the euro showed its strongest relative performance versus the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | -0.01% | 0.00% | -0.03% | -0.04% | 0.04% | 0.05% | -0.04% |
| EUR | 0.01% | – | 0.00% | -0.02% | -0.03% | 0.04% | 0.05% | -0.01% |
| GBP | -0.01% | -0.00% | – | -0.02% | -0.05% | 0.05% | 0.05% | -0.02% |
| JPY | 0.03% | 0.02% | 0.02% | – | -0.01% | 0.06% | 0.08% | 0.03% |
| CAD | 0.04% | 0.03% | 0.05% | 0.01% | – | 0.08% | 0.08% | 0.02% |
| AUD | -0.04% | -0.04% | -0.05% | -0.06% | -0.08% | – | 0.02% | -0.04% |
| NZD | -0.05% | -0.05% | -0.05% | -0.08% | -0.08% | -0.02% | – | -0.07% |
| CHF | 0.04% | 0.01% | 0.02% | -0.03% | -0.02% | 0.04% | 0.07% | – |
The heat map above reflects percentage changes between major currencies. The base currency is shown in the left-hand column, and the quote currency appears in the top row. For instance, selecting the euro as base in the left column and moving horizontally to the U.S. dollar column shows the percentage move for EUR (base)/USD (quote).
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