Created
: 2025.09.30
2025.09.30 17:06
EUR/USD trades practically flat, moving around 1.1735 at the time of writing on Tuesday. The pair bounced up from last week's lows of 1.1660 as the US Dollar (USD) tumbled on concerns of a highly likely US government closure on Wednesday at 04:01 GMT, but the dismal market mood and weak Eurozone economic data are keeping Euro (EUR) bulls in check.
A meeting between US President Donald Trump and bipartisan congressional leaders on Monday ended without progress, as widely expected, and US Vice President JD Vance affirmed that the government is heading for a shutdown. The closure of the government will delay macroeconomic releases from the US Labour and Commerce Departments, including the key Nonfarm Payrolls (NFP) report on Friday, and is highly likely to weigh on the economic growth.
Apart from that, Trump further soured market sentiment on Monday by announcing a new salvo on US tariffs. A 10% tariff on imports of softwood and a 25% levy on kitchen cabinets, vanities, and upholstered foreign furniture will be introduced on October 14, and will join the tariffs on trucks and branded pharmaceuticals that come into effect on Wednesday.
In the Eurozone, Retail Sales contracted in Germany for the second consecutive month in August, and the focus now is on the German Unemployment Rate in Augustand the preliminary Consumer Prices Index (CPI) for September, ahead of a speech by European Central Bank (ECB) President Christine Lagarde. In the US, the highlight of the day will be the JOLTS Job Openings and August's Consumer Confidence data.
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.08% | -0.05% | -0.28% | -0.02% | -0.39% | -0.32% | -0.10% | |
EUR | 0.08% | 0.00% | -0.19% | 0.04% | -0.32% | -0.24% | 0.00% | |
GBP | 0.05% | -0.00% | -0.20% | 0.06% | -0.34% | -0.25% | -0.00% | |
JPY | 0.28% | 0.19% | 0.20% | 0.23% | -0.11% | 0.13% | 0.22% | |
CAD | 0.02% | -0.04% | -0.06% | -0.23% | -0.38% | -0.28% | -0.06% | |
AUD | 0.39% | 0.32% | 0.34% | 0.11% | 0.38% | 0.08% | 0.34% | |
NZD | 0.32% | 0.24% | 0.25% | -0.13% | 0.28% | -0.08% | 0.26% | |
CHF | 0.10% | -0.00% | 0.00% | -0.22% | 0.06% | -0.34% | -0.26% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
EUR/USD's technical picture shows a mild upside momentum. The 4-hour Relative Strength Index (RSI) has popped up above the 50 level, and the Moving Average Convergence Divergence (MACD) remains above the signal line, but the trend remains frail amid a cautious market mood.
To the upside, bulls were rejected at Thursday's high, right below 1.1755, on Monday. Beyond here, a reverse broken trendline, now at 1.1790, is likely to pose significant resistance. Bulls need to confirm above those levels to break the immediate bearish structure and shift the focus back to the September 23 and 24 highs, near 1.1820.
Intraday support at the 1.1710 area is holding bears for now, ahead of last week's lows at the 1.1645-1.1655 area. Further down, the September 2 and 3 lows, near 1.1610, and the August 27 low, at 1.1575, would be the next targets.
The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales.The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
Read more.Import price index, reported by Federal Statistical Office (Destatis), measures the change in prices for goods imported by Germany . The Import Price Index is important in distinguishing changes in trade volume versus changes in trade prices. Whereas growth in import volume suggests stronger consumer demand and economic expansion, growth in import prices suggests higher production costs and inflationary pressures.
Read more.Last release: Tue Sep 30, 2025 06:00
Frequency: Monthly
Actual: -1.5%
Consensus: -
Previous: -1.4%
Created
: 2025.09.30
Last updated
: 2025.09.30
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