The post Rises above 1.1800 toward nine-day EMA barrier appeared on BitcoinEthereumNews.com.

EUR/USD rebounds after two days of losses, trading around 1.1810 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the pair remains slightly below the ascending channel pattern, suggesting a potential bearish reversal. However, a return to the channel would revive the bullish bias. The EUR/USD pair holds above the rising 50-day Exponential Moving Average (EMA), while it sits just beneath the nine-day EMA, capping the immediate upside. The short-term average remains above the medium-term, preserving a bullish bias. Trend structure remains underpinned by the upward slope of the 50-day EMA, yet a flattening 9-day EMA curbs gains until reclaimed. The 14-day Relative Strength Index (RSI) momentum indicator at 53 (neutral) has firmed from prior readings, indicating improving momentum. The initial barrier lies at the nine-day EMA of 1.1836. A close back above the short-term average would strengthen the advance toward the ascending channel. A successful return to the channel would improve the bullish bias and support the EUR/USD pair to explore the region around 1.2082, the highest level since June 2021. Further gains would expose the upper boundary of the ascending channel around 1.2290. On the downside, the EUR/USD pair may test the 50-day EMA at 1.1737. A loss of the 50-day average would shift risk lower toward the two-month low at 1.1578, set on January 19. EUR/USD: Daily Chart (The technical analysis of this story was written with the help of an AI tool.) Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the…

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Filed under: News - @ February 3, 2026 6:21 am