Forex
EUR/IDR Sees Modest Gain as Rupiah Weakness Continues
The Euro vs Indonesian Rupiah (EUR/IDR) currency pair has seen a modest daily increase, trading at Rp20,805. This price movement is in line with the bullish structure that EUR/IDR has been following.
Inflation remains within the target band set by Bank Indonesia, and the rupiah has dropped 7% against the US dollar in 2026.
The technical momentum for EUR/IDR is strong, with indicators such as the MACD and ADX showing positive momentum. The RSI currently stands at 69.33, indicating an overbought setup, but this does not necessarily mean that a correction is imminent.