What is behind Euro vs Hryvnia price's recent gain in value today

Traders Union
All News
Financial News
Euro vs hryvnia rises 0.52% today

Highlights

EUR/UAH remains in a broad bullish trend, with price action supported across short- to long-term horizons.
Mixed momentum signals and low trend strength suggest some overbought conditions and weak conviction despite buyers dominating intraday.
The pair is expected to consolidate between ₴50.75 and ₴51.10 over the coming week, with 80%+ probability of further upside if resistance breaks.

Anton Kharitonov, expert at Traders Union, notes that EUR/UAH trades above its key moving averages, but warns against reading too much into short-term bullishness. He sees mixed momentum readings and observes that ADX remains weak, undermining trend conviction. The lack of supportive news flow is another cause for caution in his view. Kharitonov is wary of the overbought signals, as price action could be vulnerable to false breakouts. "Given weak trend strength and absence of fundamental drivers, I would not chase upside at these levels — caution is warranted until new catalysts emerge."

Viktoras Karapetjanc, expert at Traders Union, believes the strong technical structure in EUR/UAH maintains a bullish setup for the coming week. He highlights all major weekly signals pointing to further growth, emphasizing high breakout probability above ₴51.10. Despite the absence of fresh macro news, Karapetjanc remains confident that current market conditions favor buyers. "With the bullish structure firmly intact and weekly signals aligned, I expect further upside as buyers continue to lead momentum."

Parshwa Turakhiya, analyst, sees current EUR/UAH levels as a battleground for short-term traders. He points to overbought signals and mixed momentum, with mild selling pressure building up. Turakhiya notes the opportunity for quick trades around support at ₴50.75 and resistance at ₴51.10. "For nimble traders, these tight consolidation bands offer setups for both breakout and pullback — timing will be key this week."

Mixed momentum with buyers firm amid weak trend conviction

Momentum signals are mixed for EUR/UAH: the MACD on the daily chart is neutral and the Average Directional Index (ADX) is low at 12.97, suggesting weak trend conviction. The Relative Strength Index (RSI) signals mild selling, while Stochastic RSI points to strong selling, indicating some overbought cooling; the Commodity Channel Index (CCI) is neutral. Bull/Bear Power (BBP) at 0.3606 shows buyers dominating intraday momentum, with several timeframes indicating overbought conditions. The pair is supported near the Ichimoku Kijun level (₴50.5927), with further resistance around the 50-day moving average and the round figure of ₴51.

Earlier, analysts noted that sustained bullish momentum was the primary driver behind the euro's ongoing strength against the hryvnia. With both short- and long-term signals remaining supportive despite lingering mixed momentum, traders should closely watch for a confirmed breakout above ₴51.10 as the next catalyst for accelerated gains.

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.