The Euro has slipped slightly to 1.0480 from yesterday’s close of 1.0481, marking a 0.01% drop (1 pip) in today's session.

Technical indicators are showing mixed signals. The MACD (Moving Average Convergence Divergence) has turned bearish with a negative crossover, suggesting momentum may be shifting downward—often a sign to consider short positions. However, the Relative Strength Index (RSI) is now below 30, indicating oversold conditions, which could attract buyers and trigger a short-term rebound.

The lower Bollinger Band® at 1.0476 also suggests the Euro might be undervalued and due for a bounce.

Despite these mixed signals, the overall sentiment hints at potential weakness in the Euro in the near term. Indian forex traders should stay cautious and monitor volatility closely.

Meanwhile, GBP/NZD is up 0.19% at 2.035, and EUR/NZD is up 0.18% at 1.764. USD/SGD remains flat near 1.3734.

The Euro has been under pressure, declining steadily over the past two months, with a 78.55% drop in three months, raising concerns for Euro-based international trade and remittances.