Holds near 1.1800 after pulling back from three-month highs
The post Holds near 1.1800 after pulling back from three-month highs appeared on BitcoinEthereumNews.com.
EUR/USD holds gains for the third successive session, trading around 1.1790 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) stands at 71 (overbought), which could temper immediate upside as momentum stretches. An RSI overbought status would favor consolidation phases before trend resumption. The nine-day Exponential Moving Average (EMA) rises above the 50-day EMA, and spot holds north of both, reinforcing a bullish bias. The longer average is turning higher, underscoring improving trend conditions. Short-term momentum remains firm while the positive EMA alignment persists. The EUR/USD pair tests the psychological level of 1.1800, followed by the three-month high of 1.1808, which was recorded on December 24. A break above this confluence resistance area would open the doors toward the upper boundary of the ascending channel around 1.1880, followed by 1.1918, the highest level since June 2021. On the downside, the EUR/USD pair could find its immediate support at the nine-day EMA of 1.1745, aligned with the lower ascending channel boundary around 1.1740. A break below the channel would undermine short-term momentum, exposing the pair to a test of the 50-day EMA near 1.1660. Further downside could see prices retest the three-week low at 1.1589, set on December 1. EUR/USD: Daily Chart Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.01% -0.12% -0.22% -0.09% -0.08% -0.05% -0.05% EUR -0.01% -0.14% -0.22% -0.10% -0.09% -0.06% -0.06% GBP 0.12% 0.14% -0.08% 0.04% 0.05% 0.08% 0.08% JPY 0.22% 0.22% 0.08% 0.14% 0.14% 0.16% 0.17% CAD 0.09% 0.10% -0.04% -0.14% -0.00% 0.02% 0.04%…
Filed under: News - @ December 24, 2025 4:28 am