EUR/USD's Upward Momentum Has Improved, Chart Shows -- Market Talk
Dow Jones
Jun 27, 2025
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.