The Euro (EUR) strengthens on Friday against the US Dollar (USD), trading at around 1.1750 (+0.85%), as investors sell off the Greenback en masse following the publication of US employment figures.
Looking at other currency pairs, the Euro is more stable against the Japanese Yen (JPY) (-0.1%) and Pound Sterling (GBP) (+0.1%), as traders look ahead to the German Industrial Production figures for July, to be published on Monday.
The consensus is for a rebound of +1.3% month-on-month, following the sharp contraction of -1.9% in June, according to FXStreet’s Economic Calendar.
For the Euro on the Forex market, the statistic represents an important test, as the Eurozone's leading economy has shown signs of fragility in recent months, and any deviation from expectations could rekindle volatility.
EUR/USD technical analysis: The Euro benefits from the US Dollar's plunge
EUR/USD 1-hour chart. Source: FXStreet
The EUR/USD pair rises sharply during the American session on Friday, boosted by poor US employment figures.
The Euro is now testing a key resistance level at 1.1740/1.1750, a zone not seen since July 28.
A clear bullish break could then pave the way for a test of the July 24 high near 1.1790, before the 1.1800 level.
Conversely, should the bullish break attempt fail, EUR/USD could fall back towards 1.1700.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.71% | -0.61% | -0.90% | 0.07% | -0.68% | -0.88% | -0.98% | |
| EUR | 0.71% | 0.11% | -0.28% | 0.79% | 0.12% | -0.15% | -0.28% | |
| GBP | 0.61% | -0.11% | -0.34% | 0.67% | 0.02% | -0.27% | -0.35% | |
| JPY | 0.90% | 0.28% | 0.34% | 1.04% | 0.29% | 0.05% | 0.08% | |
| CAD | -0.07% | -0.79% | -0.67% | -1.04% | -0.70% | -0.95% | -1.03% | |
| AUD | 0.68% | -0.12% | -0.02% | -0.29% | 0.70% | -0.29% | -0.36% | |
| NZD | 0.88% | 0.15% | 0.27% | -0.05% | 0.95% | 0.29% | -0.08% | |
| CHF | 0.98% | 0.28% | 0.35% | -0.08% | 1.03% | 0.36% | 0.08% |
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).
German industry in the spotlight
Industrial production remains a mainstay of the German economy, which is largely export-oriented. The latest data from Statistisches Bundesamt Deutschland showed a marked decline in June, reflecting the manufacturing sector's difficulties in the face of trade uncertainties and the US slowdown.
According to KPMG’s Economic Key Facts Germany report, Germany remains a considerable industrial power, with a Gross Domestic Product (GDP) of 4,305 billion Euros in 2024, making it the third largest economy in the world and the largest in Europe.
But tensions linked to US tariffs, raised from 10% to 15% on European exports since August, are weighing on the prospects of the export sector, particularly the automotive and chemicals industries.
Contrasting economic conditions: Weakness but signs of resilience
German GDP contracted by -0.1% in the second quarter, following growth of +0.4% in the first. This volatility is explained by experts as being due to jolts linked to US tariff policy and to companies' wait-and-see attitude regarding their order books.
Nevertheless, certain signals remain positive: exports rose by +0.8% in June, buoyed by European and Chinese demand, while the ifo Business Climate Index reached 88.6 points in July, its highest level for over a year.
"The German economy is slowing down, but it's not at a standstill. The outlook for 2026 is already more favorable, thanks to fiscal stimulus and private investment", emphasized Joachim Nagel, President of the Bundesbank, when presenting his forecasts.
These forecasts predict almost zero growth in 2025, but a gradual recovery from next year (+0.7% expected in 2026).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Japanese Yen plunges to fresh multi-decade low
The Japanese Yen keeps drifting lower on Tuesday. The USD/JPY pair hit 136.04, its highest in four decades during American trading hours, as the US Dollar surges on the back of persistent Middle East tensions as reflected by higher OIL prices
EUR/USD looks inconclusive near 1.1420
EUR/USD trades in a tight range in the low 1.1400s on Tuesday, struggling to gain momentum amid an equally absence of clear direction in the US Dollar (USD). Uncertainty surrounding the US-Iran conflict is capping the pair’s upside, while traders avoid taking significant positions ahead of Thursday’s ECB gathering.
Middle East crisis intensifies, Gold up
Gold gains ground on Tuesday, reversing Monday’s pessimism and advancing toward the $4,100 mark per troy ounce. Nevertheless, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.
XRP extends recovery as on-chain activity grows
Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).
The Iranian war has again risen
The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.
![Nasdaq 100 ETF (QQQ) Elliott Wave signals double correction toward 684 [Video]](https://editorial.fxsstatic.com/images/i/Equity-Index_Nasdaq-2_Medium.jpg)
Nasdaq 100 ETF (QQQ) Elliott Wave signals double correction toward 684 [Video]
The short‑term Elliott Wave view on the Nasdaq 100 ETF shows that the instrument is correcting the cycle from the March 30, 2026 low. The decline from the June 3, 2026 all‑time high continues, with the extreme target zone defined by the 100%–161.8% Fibonacci extension. This area lies between $646 and $684 and represents the next logical support cluster within the ongoing correction.