EUR/USD Technical Analysis April 9, 2025
Current Price Levels and Technical Indicators:
As of 8:00 GMT on April 9, 2025, the EUR/USD pair is trading around 1.1060. The Relative Strength Index (RSI) is at 58.60, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) presents a bearish signal, suggesting potential downward pressure.
Support and Resistance Levels:
Support: Immediate support is observed near the 1.0880–1.0860 zone.
Resistance: Key resistance is identified at 1.0996.
Fundamental Factors:
The recent implementation of U.S. tariffs has led to a depreciation of the U.S. dollar, as investors seek safe-haven assets. Additionally, the European Union’s scheduled vote on countermeasures to U.S. tariffs today may influence market sentiment and impact the EUR/USD pair.
Conclusion:
The EUR/USD pair is currently navigating a complex landscape shaped by technical indicators and significant geopolitical developments. Traders should monitor the support and resistance levels closely, along with upcoming economic events, to inform their trading strategies.
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