EUR/USD Could Sustain Upward Bias on Improving Upward Momentum, Chart Shows -- Market Talk

Dow Jones

2025/05/22

0731 GMT - EUR/USD could sustain its upward bias on improving upward momentum, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. Its daily moving average convergence divergence indicator is rising, suggesting improving upward momentum, though it is still in negative territory for now, the markets strategist says. EUR/USD's current upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, the strategist says in a research report. Meanwhile, it seems premature to expect the currency pair to retest this year's high of 1.1573, the strategist adds. EUR/USD is 0.1% lower at 1.1321. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 03:31 ET (07:31 GMT)

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Its daily moving average convergence divergence indicator is rising, suggesting improving upward momentum, though it is still in negative territory for now, the markets strategist says. EUR/USD's current upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, the strategist says in a research report. Meanwhile, it seems premature to expect the currency pair to retest this year's high of 1.1573, the strategist adds. EUR/USD is 0.1% lower at 1.1321. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 03:31 ET (07:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2048586759.USD","symbol_name":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537992583","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537992583","pubTimestamp":1747899060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0731 GMT - EUR/USD could sustain its upward bias on improving upward momentum, based on the daily chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. Its daily moving average convergence divergence indicator is rising, suggesting improving upward momentum, though it is still in negative territory for now, the markets strategist says. EUR/USD's current upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, the strategist says in a research report. Meanwhile, it seems premature to expect the currency pair to retest this year's high of 1.1573, the strategist adds. EUR/USD is 0.1% lower at 1.1321. 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Its daily moving average convergence divergence indicator is rising, suggesting improving upward momentum, though it is still in negative territory for now, the markets strategist says. EUR/USD's current upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, the strategist says in a research report. Meanwhile, it seems premature to expect the currency pair to retest this year's high of 1.1573, the strategist adds. EUR/USD is 0.1% lower at 1.1321. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 03:31 ET (07:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}