EUR Market Update
11 Apr 2026 • 01:06 GMT
The euro has recently traded near 30-day highs against the US dollar around 1.1730, just above its three-month average. This uptick follows positive news of a ceasefire in Iran, which has boosted risk sentiment and supported EUR/USD. However, the move remains within a relatively stable range and could be tested by upcoming US inflation data and possible dollar strength if US economic indicators firm up.
Against other major currencies, the euro is slightly stronger, trading near 0.872 against the pound and at 186.8 against the yen, both close to 60-day highs. This indicates a resilient euro amid ongoing geopolitical tensions and moderate ECB policy stance. Meanwhile, EUR/CHF and EUR/CAD are also near recent highs, suggesting cautious optimism.
While recent events have supported the euro's gains, the overall picture remains cautious. Any sharp US dollar rally driven by stronger US data or geopolitical risks could weigh on these gains. Traders should monitor upcoming economic releases and geopolitical developments that could influence the euro’s direction in the coming weeks.
📊 Quick forecast view
🔴 Mild downside
1.1730 – 1.2030
🌍 Global risk sentiment
🟢 Uptrend
