|Dollar Exchange Rate Today April 9: Euro might suffer while exposed to downside pressure|
|Dollar Exchange Rate Today gains as risk appetite taints dollar demand|
|Euro To Dollar Exchange Rate Today up as markets more willing to take risks|
|EUR to USD chart (Photo source: Trading View)|
Euro to dollar exchange rate today closed at 1.09. The near-term trend in euro vs dollar exchange rate remains to the upside and the next potential area of interest falls at the psychological 1.10 level. Volatility is expected to decrease as a result of the holiday and any extreme moves in the session ahead are likely to be faded.
|EUR to USD stats (Photo source: XE.com)|
The US dollar index has fallen on a sustained basis and this could trigger more losses for the index. The inverse correlation with the dollar and equity markets remain strong although the downside in the session ahead may be limited as the US stock markets are closed today. This is a factor that affects the euro to dollar exchange rate.
Investors had more reasons to buy stocks yesterday as the Federal Reserve introduced $2.3 trillion worth of stimulus which included some unconventional measures such as lending to states and municipalities. This might impact the euro to dollar exchange rate today, according to Yahoo Finance.
|EUR to GBP chart (Photo source: Trading View)|
The EUR to GBP exchange rate today closed at 0.88. It reached the support support level. In 1 hour chart, EUR/GBP moving in Sideways and now it hits the support zone. The EUR/GBP fall down continuously without any major retracements. We can expect retracements now on this situation where the market hits the major price level. The EUR/GBP produced a candle on the daily chart yesterday.
|EUR to GBP stats (Photo source: XE.com)|
The chart shows that the price has been choppy. However, the pair is trading right at a level, which may work as a level of support. If the level produces a bullish reversal candle and pushes the price towards the North to make a breakout at yesterday's highest high, the buyers may go long on the pair to grab some green pips, reported by FX Street.
|EUR to CAD chart (Photo source: Tradingview)|
The EUR to CAD exchange rate today closed at 1.53. The euro currency is starting to appear more bearish against the Candian dollar this week, as the pair continues its recent reversal after peaking just below the 1.60 resistance level last month. The EUR/CAD analysis shows that a large bearish head and shoulders pattern has been activated across the lower time frames.
|EUR to CAD stats (Photo source: XE.com)|
The euro currency has been reversing against the Canadian dollar this week, as the Candian dollar is boosted by a rise in oil prices. Bulls inability to reach the multi-year trading high, around the 1.6150 level, means that the recent rally failed to create a valid bullish pattern.This could be a trend defining moment for the EUR/CAD pair if the outlined scenario occurs, analyzed by Capital.
More Euro exchange rate today for reference
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