EUR – Euro stabilizes slightly, waiting to see US tariff policy

The euro remained around 1.08 against the dollar. In terms of technical trends, the RSI and stochastic index are recovering from the oversold area, and the exchange rate can still hold the 25-day moving average. It is expected that the euro will be able to stabilize in the short term. The resistance level will look back at 1.0860 and 1.0940, and the next key level will point to 1.10 to 1.12 levels. The supporting level will continue to pay attention to the 25-day moving average. The exchange rate just held above this indicator in the previous two days. The current 25-day moving average is at 1.0740, and the largest support is forecasted at 1.0650 and 1.0580.

Forecast range:
Resistance 1.0860 – 1.0940 – 1.1000 – 1.1200
Support 1.0740 - 1.0650 - 1.0580

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