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

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Euro vs hryvnia rises 0.95% today

Highlights

EUR/UAH maintains bullish momentum, trading above key moving averages and the Ichimoku Kijun line across all timeframes.
The pair is forecast to consolidate within a ₴51.76–₴52.01 range, with a high probability of continued price strength in the next week.
Momentum indicators are mixed—RSI signals overbought conditions, while MACD and ADX remain neutral, suggesting sideways action near resistance at ₴52.01.

Anton Kharitonov, expert at Traders Union, sees EUR/UAH above all major moving averages but notes mixed momentum signals. He points to the lack of any news catalysts, which could limit further upside potential. Kharitonov highlights that while buyers have intraday control, both the MACD and ADX remain neutral, raising questions about the rally’s sustainability. He warns that a drop below ₴51.76 would quickly erase recent gains, particularly given the already elevated readings on short-term momentum indicators. "Without fresh market drivers and with momentum showing cracks, I see risk of a near-term pullback if support fails," Kharitonov advises.

Viktoras Karapetjanc, expert at Traders Union, underscores the robust technical structure for EUR/UAH. He remains confident as all key weekly indicators signal buy or strong buy, with price steadily above major moving averages. Karapetjanc believes the bullish structure remains intact and sees opportunity for further growth if resistance near ₴52.01 is surpassed. He notes sideways movement as constructive for buyers, setting the stage for new setups ahead. "As long as support holds, the market offers multiple setups and I expect further strength in the coming days," Karapetjanc says.

Resistance tests as bullish trend faces mixed momentum signals

EUR/UAH is trading above the 20-day (₴51.4380), 50-day (₴51.4943), and 200-day (₴50.5492) moving averages, indicating strong bullish momentum across short-, medium-, and long-term trends. With the current price above the Ichimoku Kijun line (₴51.5062), the nearest dynamic support is at Kijun, while resistance lies near the recent highs and the psychological round level at ₴52.00. Momentum signals remain mixed on the daily timeframe, with the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both neutral, suggesting a lack of strong directional drive. The Relative Strength Index (RSI) and Stochastic RSI are in buy and strong buy territories, though the latter approaches overbought conditions. Buyers dominate intraday momentum according to Bull/Bear Power (BBP), which currently forecasts strong buy. The pair opened with an upside gap of roughly ₴0.032, and with the current price near the daily high, intraday volatility stands at 1.03%. The market is showing strength toward the highs as it posts a daily gain of 0.95% (₴0.4869), although some divergence is visible as momentum indicators send mixed signals.

Earlier, analysts noted that bullish momentum in EUR/UAH was underpinned by supportive policy actions and sustained buyer strength. With the current technical setup reinforcing this outlook and highlighting robust buy signals across multiple timeframes, traders should closely monitor for a decisive move above ₴52.01, as a breakout could ignite further 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

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