EUR/USD Price Forecast: Rises to near 1.1550, four-year highs

EUR/USD may revisit the four-year high at 1.1573.
The 14-day RSI remains above 70, indicating overbought conditions and hinting at a potential downward correction.
Immediate support is seen near the lower boundary of the ascending channel, around 1.1400.

Akhtar Faruqui FXStreet

EUR/USD extends its gains for the third successive session, trading around 1.1530 during the Asian hours on Tuesday. The technical analysis of the daily chart suggests growing buying pressure and as the pair is moving upwards within an ascending channel pattern.

Furthermore, the EUR/USD pair remains above the nine-day Exponential Moving Average (EMA), signalling strengthened short-term price momentum. However, the 14-day Relative Strength Index (RSI), a key momentum indicator, remains above the 70 mark, suggesting that the pair is overbought and a downward correction is on the horizon.

On the upside, the EUR/USD pair could retest the 1.1573, the highest since November 2021, which was recorded on April 21. A break above this level could reinforce the bullish bias and lead the pair to explore the region around the ascending channel’s upper boundary at the 1.1830 level.

The EUR/USD pair could test immediate support around the lower boundary of the ascending channel at 1.1400, followed by the nine-day EMA at the 1.1348 level. A break below this crucial support zone could weaken the bullish bias and put pressure on the pair to navigate the region around the 50-day EMA at the 1.0917 level.

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		-0.22%	-0.21%	-0.52%	-0.27%	-0.29%	-0.27%	-0.17%
EUR	0.22%		0.00%	-0.36%	-0.08%	-0.13%	-0.07%	0.03%
GBP	0.21%	-0.00%		-0.34%	-0.09%	-0.12%	-0.07%	0.03%
JPY	0.52%	0.36%	0.34%		0.27%	0.23%	0.34%	0.41%
CAD	0.27%	0.08%	0.09%	-0.27%		-0.04%	-0.01%	0.08%
AUD	0.29%	0.13%	0.12%	-0.23%	0.04%		0.04%	0.14%
NZD	0.27%	0.07%	0.07%	-0.34%	0.00%	-0.04%		0.11%
CHF	0.17%	-0.03%	-0.03%	-0.41%	-0.08%	-0.14%	-0.11%

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).

BRANDED CONTENT

If you're looking for the best brokers to trade the EUR/USD pair, explore our selected options. Knowing each broker’s strengths will help you find the ideal fit for your trading strategy.

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

GBP/USD bulls seem hesitant as Hormuz ship attack supports safe-haven USD

The GBP/USD pair sticks to a positive bias for the second straight day, albeit it remains below the previous day's swing high and trades just below the 1.3200 mark during the Asian session on Friday. Furthermore, the fundamental backdrop warrants caution before positioning for any meaningful recovery from November 2025 lows, around the 1.3140 region, touched on Wednesday.

EUR/USD holds above mid-1.1300s amid Hormuz risks, bearish setup

The EUR/USD pair struggles to capitalize on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session. Spot prices, however, hold above mid-1.1300s and the lowest level since May 2025, set on Thursday, warranting some caution for bearish traders.

Gold: Eyes on Death Cross and $3,950 support

Gold sellers return early Friday, with eyes on $3,950, despite easing Fed rate hike bets. The US Dollar catches a fresh haven bid amid global risk aversion and Hormuz tensions. Gold awaits Death Cross confirmation as RSI returns to the bearish zone on the daily chart.

Bitcoin slides to a fresh yearly low, Ethereum breaks down, XRP signals more losses

Bitcoin, Ethereum and Ripple remain under heavy selling pressure on Friday, falling over 7%, 9% and 8%, respectively, so far this week. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum.

Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%

Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.