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Home»Global Forex Updates»Edges above 1.1600 near six-week lows
Global Forex Updates

Edges above 1.1600 near six-week lows

adminBy adminJanuary 16, 2026Updated:January 16, 2026No Comments2 Mins Read
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EUR/USD holds ground after three days of losses, trading around 1.1610 during the Asian hours on Friday. The 14-day Relative Strength Index (RSI) momentum indicator, currently at 35 (neutral-bearish), shows momentum skewed to the downside.

The technical analysis of the daily chart shows that the EUR/USD pair holds below the nine-day Exponential Moving Average (EMA) and the 50-day EMA, underscoring a bearish bias. The short-term average slopes lower beneath the medium-term gauge, capping rebounds.

The bias remains bearish while the EUR/USD pair stays below the short-term average, with downside risks focused on support near the six-week low at 1.1589, set on December 1. A sustained break below this level would open the door to the next support around 1.1468, the lowest since August 2025.

On the upside, the EUR/USD pair could target the initial resistance at the nine-and 50-day EMAs of 1.1648 and at 1.1673, respectively. Recovery through short- and medium-term averages would ease pressure and allow a test of the three-month high of 1.1808, which was recorded on December 24, followed by the 1.1918, the highest level since June 2021.

EUR/USD: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

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 -0.05% -0.08% -0.28% -0.08% -0.12% -0.37% -0.11%
EUR 0.05% -0.03% -0.24% -0.03% -0.06% -0.31% -0.06%
GBP 0.08% 0.03% -0.21% 0.00% -0.03% -0.27% -0.02%
JPY 0.28% 0.24% 0.21% 0.24% 0.19% -0.06% 0.20%
CAD 0.08% 0.03% -0.00% -0.24% -0.05% -0.30% -0.03%
AUD 0.12% 0.06% 0.03% -0.19% 0.05% -0.25% 0.00%
NZD 0.37% 0.31% 0.27% 0.06% 0.30% 0.25% 0.26%
CHF 0.11% 0.06% 0.02% -0.20% 0.03% -0.01% -0.26%

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).



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Previous ArticleJapanese Yen softens to near 158.50 as US Jobless Claims support US Dollar
Next Article Rupee declines 10 paise to 90.44 against US dollar in early trade
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