EUR/USD's Upward Momentum Has Improved, Chart Shows -- Market Talk

Dow Jones

2025/06/27

0506 GMT - EUR/USD's upward momentum has improved, based on the daily chart, Quek Ser Leang of UOB's Global Economics & Markets Research says. The currency pair staged a sudden surge this week, with the high so far at 1.1744, the senior technical strategist says in a research report. Further EUR/USD strength isn't ruled out. However, a sustained advance would require a break above 1.1780, the strategist says. The 1.1780 level marks the top of what seems to be an ascending channel formation. If EUR/USD breaks clearly above 1.1780, focus would shift to 1.1900 and then to 1.2000, the strategist adds. EUR/USD is 0.1% lower at 1.1690. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 27, 2025 01:06 ET (05:06 GMT)

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The currency pair staged a sudden surge this week, with the high so far at 1.1744, the senior technical strategist says in a research report. Further EUR/USD strength isn't ruled out. However, a sustained advance would require a break above 1.1780, the strategist says. The 1.1780 level marks the top of what seems to be an ascending channel formation. If EUR/USD breaks clearly above 1.1780, focus would shift to 1.1900 and then to 1.2000, the strategist adds. EUR/USD is 0.1% lower at 1.1690. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 27, 2025 01:06 ET (05:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2249611893.SGD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546279890","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546279890","pubTimestamp":1751000760,"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":"0506 GMT - EUR/USD's upward momentum has improved, based on the daily chart, Quek Ser Leang of UOB's Global Economics & Markets Research says. The currency pair staged a sudden surge this week, with the high so far at 1.1744, the senior technical strategist says in a research report. Further EUR/USD strength isn't ruled out. However, a sustained advance would require a break above 1.1780, the strategist says. The 1.1780 level marks the top of what seems to be an ascending channel formation. If EUR/USD breaks clearly above 1.1780, focus would shift to 1.1900 and then to 1.2000, the strategist adds. EUR/USD is 0.1% lower at 1.1690. 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The currency pair staged a sudden surge this week, with the high so far at 1.1744, the senior technical strategist says in a research report. Further EUR/USD strength isn't ruled out. However, a sustained advance would require a break above 1.1780, the strategist says. The 1.1780 level marks the top of what seems to be an ascending channel formation. If EUR/USD breaks clearly above 1.1780, focus would shift to 1.1900 and then to 1.2000, the strategist adds. EUR/USD is 0.1% lower at 1.1690. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 27, 2025 01:06 ET (05:06 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"}}}