EUR/USD Price Forecast: Steadies below 1.1800 near eight-week highs

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EUR/USD remains calm after halting its seven-day winning streak, trading around 1.1790 during the Asian hours on Wednesday. The daily chart technical analysis indicates a bullish bias, as the pair is moving upwards within an ascending channel.

EUR/USD may retest the ascending channel top near the eight-week high of 1.1834.
The 14-day Relative Strength Index near 64 indicates solid positive momentum.
The immediate support lies at the nine-day EMA at 1.1701.

The EUR/USD pair maintains a bullish near-term bias as spot holds above both the nine-day and 50-day Exponential Moving Averages (EMAs). The pair is pressing higher with the 14-day Relative Strength Index hovering near 64, suggesting firm positive momentum but edging towards overbought territory as price approaches nearby overhead levels.

On the upside, the EUR/USD pair may retest its immediate barrier at the upper boundary of the ascending channel around 1.1830, followed by the eight-week high of 1.1834, reached on February 23. A sustained break above this confluence resistance zone would lead the pair to explore the region around 1.2082, the highest since June 2021, reached on January 27.

The EUR/USD pair may find the initial support at the nine-day EMA of 1.1701, followed by the nine-day EMA of 1.1654 and the lower ascending channel boundary around 1.1630. Further declines below the channel would expose the eight-month low of 1.1411, recorded on March 13.

(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 Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.07%	0.00%	0.11%	0.06%	-0.17%	0.02%	0.06%
EUR	-0.07%		-0.06%	0.06%	-0.01%	-0.17%	-0.05%	-0.01%
GBP	-0.00%	0.06%		0.13%	0.09%	-0.10%	0.01%	0.05%
JPY	-0.11%	-0.06%	-0.13%		-0.06%	-0.21%	-0.14%	-0.08%
CAD	-0.06%	0.00%	-0.09%	0.06%		-0.15%	-0.05%	-0.02%
AUD	0.17%	0.17%	0.10%	0.21%	0.15%		0.10%	0.15%
NZD	-0.02%	0.05%	-0.01%	0.14%	0.05%	-0.10%		0.05%
CHF	-0.06%	0.00%	-0.05%	0.08%	0.02%	-0.15%	-0.05%

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).