Buying pressure lifts euro vs Ukrainian hryvnia price higher in today's trading

Traders Union
All News
Financial News
Euro vs hryvnia rises 0.61% today

Highlights

EUR/UAH remains in a short- and medium-term bearish trend, trading below key moving averages as sentiment stays cautious.
Momentum indicators and oscillators are in oversold territory, suggesting downside exhaustion and growing risk of a technical rebound.
Price is likely to consolidate between €50.71 support and €50.94 resistance, with a projected range of €50.5850 to €50.6539 for the coming week.

Anton Kharitonov, expert at Traders Union, sees the EUR/UAH pair still dominated by short- and medium-term bearish signals. He notes oversold momentum on key oscillators but highlights the lack of positive news catalysts and warns of persistent downside risk. Kharitonov points to the price struggling below major moving averages and suggests volatility may increase if support at €50.71 breaks. He warns that selling exhaustion is not a guarantee for a rebound, especially without news support. In his view, "The bearish tone remains intact, and unless buyers reclaim €50.94 with strength, traders should be wary of deeper retracements."

Viktoras Karapetjanc, expert at Traders Union, highlights strong technical foundations supporting further EUR/UAH growth. He sees robust long-term support above the SMA-200 and emphasizes that indicators provide a strong probability of an upward move. Despite absent news flow, Karapetjanc believes the bullish structure remains intact with clear resistance targets. He notes that opportunity exists if buyers sustain price above €50.94. He states, "Market setup favors further gains as technicals suggest upward momentum is building."

Parshwa Turakhiya, analyst, notes mixed intraday sentiment in EUR/UAH. He observes sellers appear exhausted as RSI, CCI, and Stoch RSI signal oversold territory. Turakhiya points out that prices are hovering near daily highs with moderate volatility, offering short-term rebound opportunities. He warns, however, that the trend remains cautious until resistance is cleared. He comments, "Watching price reaction near €50.94 is key for short-term traders seeking a momentum swing."

Oversold indicators diverge from subdued momentum near support

According to Ichimoku, dynamic support is near the Kijun value (€50.7142), while resistance may be found at the SMA-50 or around the psychological level of €51.00. Momentum on the daily chart remains weak, as suggested by the MACD and ADX signaling a prevailing bearish tone. Both RSI (42.5) and CCI (-108) are in oversold territory, and Stoch RSI is also deeply oversold, hinting at potential exhaustion for sellers. Despite BBP indicating buyers have gained ground, intraday action is somewhat mixed, with today’s price opening slightly above the previous close (no significant gap) and currently hovering near the daily high. Volatility has been moderate, and intraday tone leans toward strength toward highs. Divergence is present as oscillators suggest oversold and room for a rebound, while trend and momentum indicators remain cautious.

Earlier, analysts noted that despite ongoing short- and medium-term bearish momentum in EUR/UAH the longer-term outlook remained constructive with expectations of consolidation. The latest developments reinforce this view, but with volatility increasing as price approaches key resistance, traders should watch for a decisive move above €50.94 as a potential catalyst for renewed upside momentum.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.