EUR/IDR Edges Higher as Bullish Momentum Continues
The Euro versus Indonesian Rupiah currency pair (EUR/IDR) has seen an uptick in recent trading, driven by bullish technical momentum and sustained buying interest. This move is supported by a strong alignment across all major moving averages, as well as ongoing buying signals from key momentum indicators.
According to the latest analysis, EUR/IDR trades above its 20-day, 50-day, and 200-day moving averages, confirming a short-, medium-, and long-term bullish trend. Momentum indicators such as MACD, ADX, and RSI are on buy or strong buy signals, supporting sustained upside pressure.
The current price of IDR is 20,763.38, with an immediate resistance at Rp20,841 and support at Rp20,706. The expected five-day range for the currency pair is between Rp20,598 and Rp20,887.