EUR/USD Technical Analysis April 10, 2025
Current Price Levels and Technical Indicators:
As of 7:00 GMT on April 10, 2025, the EUR/USD pair is trading around 1.1018. The Relative Strength Index (RSI) is at 65.40, indicating that the pair is approaching overbought territory but not yet signaling exhaustion. The Moving Average Convergence Divergence (MACD) is producing a buy signal, supporting continued upward momentum.
Support and Resistance Levels:
Immediate resistance is observed at 1.1100, a psychological level that could cap further gains. On the downside, support is seen at 1.0900, aligning with the 50-day moving average, which may provide a cushion against potential pullbacks.
Fundamental Factors:
The euro has benefited from escalating US-China trade tensions, leading to increased demand for the European currency. Additionally, markets are pricing in a potential European Central Bank (ECB) rate cut in April, which could influence the pair’s direction.
Conclusion:
The EUR/USD pair shows bullish momentum, approaching key resistance levels. Traders should monitor upcoming economic events and central bank communications for potential impacts on the pair’s trajectory.
GBP/USD Technical Analysis April 10, 2025
USD/JPY Technical Analysis April 10, 2025
USD/CAD Technical Analysis April 10, 2025