Euro vs Hryvnia edges higher as bullish technical momentum dominates

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Euro/UAH rises 0.52% today

Highlights

EUR/UAH maintains a bullish trend across short, medium, and long-term technical indicators, trading near session highs at ₴51.8233.
Momentum gauges show strong upward bias as MACD and ADX indicate buying pressure, though Stochastic RSI reveals oversold conditions.
EUR/UAH is projected to move between ₴51.5642 and ₴52.0824 over the next five days, with a 75% probability of an upward move and key resistance at ₴51.8598.

Anton Kharitonov, expert at Traders Union, notes that the EUR/UAH move lacks real news support, exposing it to quick reversals. He points out the overreliance on technical strength while cautioning that the oversold Stochastic RSI hints at potential exhaustion. Kharitonov sees the upward trend as technically justified, but warns that buyers’ dominance could fade fast without fundamental drivers. Resistance at ₴51.8598 may not hold under pressure from weak news flows. "Markets are quick to punish when price runs ahead of its fundamentals — I am cautious on sustainability here," he says.

Viktoras Karapetjanc, expert at Traders Union, highlights a strong technical structure supporting the bullish EUR/UAH outlook. Despite a lack of headline catalysts, he emphasizes that the robust price action above all key moving averages signals resilience. Karapetjanc believes the bullish structure remains intact and further growth is likely, especially with buyers holding firm near daily highs. "With trend momentum so decisive, the market offers more upside setups, and I expect further gains if resistance is cleared," he explains.

Parshwa Turakhiya, analyst, sees EUR/UAH short-term moves dominated by technical signals and active buyer sentiment. He finds the oversold Stochastic RSI intriguing, hinting at a possible tactical pause or pullback before another push higher. Turakhiya remains attentive to near-term levels, watching for quick reversals if support breaks. "Traders should look for short bursts of momentum above ₴51.8598, but stay nimble around ₴51.5751 in case sentiment flips," he advises.

Bullish signals confirmed as technical boundaries hold and momentum stays strong

EUR/UAH is trading above the 20-day, 50-day, and 200-day moving averages at ₴51.4665, ₴51.2532, and ₴51.1255, respectively, confirming bullish momentum across all time frames. The near-term ceiling stands at ₴51.8598, with immediate support at ₴51.5751 and a more distant technical floor at the Ichimoku Kijun of ₴51.4127. Momentum signals are robust: the MACD issues a Strong Buy, ADX indicates upward trend strength, and RSI is constructive at 54.33, suggesting steady upward pressure without overbought risk. Stochastic RSI shows an oversold reading at 0, creating some divergence, while both the CCI and Awesome Oscillator are neutral. Bull/Bear Power (BBP) is positive at 0.1098, reflecting intraday buyer dominance. The pair is trading near its daily high and buyers maintain control, despite the oversold Stochastic RSI.

Earlier, analysts noted that EUR/UAH was exhibiting persistent bullish momentum supported by favorable technical conditions. The current data reinforces this outlook and suggests that traders should monitor whether the pair can decisively break above the ₴51.8598 resistance, which could open the way for further gains toward the upper end of the projected range.

Source of Data: EUR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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