EUR/USD Analysis Summary Today
- The Overall Trend: Upward.
- Today's Euro-Dollar Support Levels: 1.1300 – 1.1220 – 1.1170.
- Today's Euro-Dollar Resistance Levels: 1.1385 – 1.1460 – 1.1530.
EUR/USD Trading Signals:
- Buy Euro-Dollar from the 1.1210 support level with a target of 1.1420 and a stop-loss of 1.1150.
- Sell Euro-Dollar from the 1.1430 resistance level with a target of 1.1100 and a stop-loss of 1.1510.
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EUR/USD Technical Analysis Today:
Given the US holiday today, the EUR/USD currency pair may stabilize around its recent upward rebound gains. The Euro-Dollar price jumped to the 1.1375 resistance level, close to its two-week high. According to forex market trading, the EUR/USD exchange rate is experiencing a renewed rise, supported by a general decline in the US dollar and some positive news from Germany.
Based on economic calendar data, Europe's largest economy announced that German GDP data showed 0.4% quarter-on-quarter growth in the first quarter. This led Deutsche Bank analysts to state that it had reached "escape velocity... we believe the German economy has gained enough momentum to escape recession this year."
Trading Tips:
Dear TradersUp follower, the upward shift for the Euro-Dollar needs further impetus. This week will be crucial for that to happen, or for the upward channel to be abandoned.
Overall, increased tariffs, strong consumer demand, and improved construction sector output contributed to these robust results. Hopes for a German economic recovery under Chancellor Merz's new government were the decisive factor that drove investors towards the German currency in 2025, viewing it as a real opportunity for Europe to catch up with the United States.
According to licensed brokerage platforms, the EUR/USD pair has risen by 9.56% in 2025, with an upward trend replacing the "sell America" policy as investors seek alternative investment destinations. The Euro-Dollar exchange rate peaked at 1.1572 on April 21 but then entered a stabilization phase with a pullback extending to the 1.11 support. This weakness led to strong demand, and we may see a return to its 2025 highs.
Technical levels for the EUR/USD today:
Dear reader, observing the EUR/USD trading performance on the daily chart, the currency pair is moving within an upward channel. To confirm the strong control of bulls over the Euro-Dollar, a move towards higher peaks is crucial, especially 1.1435 and 1.1500 respectively. Recent rebound gains were sufficient to push the 14-day RSI to stabilize above the 50-line, and it still has more time and room for gains before heading towards overbought territory. At the same time, the MACD indicator has started to turn upwards. Conversely, over the same period, as mentioned before, the 1.1170 support level will remain a real threat to the current upward shift of the Euro-Dollar.
The currency pair is not anticipating any significant and influential data today. However, be cautious, as this week contains more important and exciting US economic releases for currency prices. Investors will closely follow a series of speeches by Federal Reserve policymakers, in addition to the publication of the latest FOMC minutes, seeking new insights into the US central bank's policy direction. Attention will also focus on personal income and expenditure data, including the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred measure of US inflation. US consumer spending is expected to rise by 0.2% in April, slowing from a 0.7% increase in March. The second estimate of first-quarter US GDP is also awaited, which is expected to confirm its first contraction in three years, largely attributed to a 41.3% increase in imports.
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