This EURUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
EURUSD Analysis Live Chart
EURUSD Fundamental Analysis
Bloomberg—The euro hovered near $1.134, slightly below this month’s high of $1.157—a level not seen since 2021—as investor worries about the Fed’s autonomy began to fade. The dollar regained some ground following President Trump’s reassurance that he would not remove Fed Chair Jerome Powell.
Despite this, the euro has surged more than 5% against the dollar in April, driven by growing doubts about the greenback’s global dominance and a rising preference for the euro. Optimism was also fueled by anticipated increases in defense spending, especially in Germany.
Meanwhile, the ECB lowered its deposit rate by 25 basis points to 2.25%, its lowest since early 2023, and dropped its previous description of monetary policy as “restrictive.” However, the central bank flagged a deteriorating economic outlook amid intensifying trade conflicts. Traders are now pricing in two or three more rate cuts of 25 basis points before the year ends.
EURUSD Technical Analysis
FenzoFx—EUR/USD dipped from $1.1571 as expected, as the Stochastic and RSI 14 indicators signaled overbought conditions at the time. As of this writing, the currency pair is trading below the 50-period simple moving average, at approximately $1.1350.
Regarding the technical indicators, the Stochastic Oscillator has fallen below the 20 level, indicating that the U.S. dollar is overvalued in the short term. With immediate support at $1.1259, the bullish outlook should remain intact as long as the price stays above this level.
In this scenario, the next bullish target for EUR/USD could be a retest of the $1.147 resistance level, followed by $1.1571.
The Bearish Scenario
The immediate support level is at $1.1259. The current bearish momentum could extend to lower support levels if sellers push the price below this threshold. If this scenario unfolds, EUR/USD could dip toward $1.1146.
EURUSD Support and Resistance Levels
| Support | 1.1290 | 1.1146 | 1.0885 |
| Resistance | 1.1470 | 1.1571 | 1.1710 |
Market Trends Through Technical Indicators
The widget below calculates market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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