European Parliament Supports Digital Euro Project

GOOGL shares fell 6.1% in the last close, with the RSI dropping to 35, approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, reflecting a bearish technical outlook. While the digital euro news does not directly impact GOOGL, it may create uncertainty across technology stocks. In the short term, the downtrend is likely to persist, though a potential rebound is possible given the oversold conditions.

Despite EURUSD being in oversold territory with an RSI of 28, the price is trading below both the 20-day and 50-day moving averages, and the MACD remains negative below the signal line. Although the news supports the digital euro project, it is not expected to have a significant positive impact on the euro in the short term. Weakness in technical indicators and a 0.41% decline over the past 24 hours suggest that selling pressure may persist. Therefore, a continued downward movement in the short term appears likely.

Although EURGBP's RSI at 37 is approaching oversold territory, the short-term trend remains bearish. The price is trading below both the 20-day and 50-day moving averages. The MACD line is above the signal line but remains in negative territory, indicating weak momentum. News regarding the digital euro could boost confidence in the euro, but the technical outlook currently maintains a bearish bias. Therefore, a continuation of the downward movement in the short term can be expected.

Despite the RSI being in oversold territory at 26.46, short-term momentum for EURJPY remains bearish. The MACD line is below the signal line and in negative territory, indicating continued selling pressure. The price is trading below the 20- and 50-day moving averages, which are acting as resistance levels. While the digital euro news is a positive step toward the digitalization of the euro, it is not expected to generate direct demand for the euro in the short term. Therefore, the current technical outlook keeps downside risks at the forefront.