Today's HKD to EUR Price Update

Summary

This report provides the real-time exchange rate between the Hong Kong Dollar (HKD) and Euro (EUR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Hong Kong Dollar (HKD) is a major fiat currency pegged to a stable monetary system, while the Euro (EUR) represents the collective economic strength of the Eurozone. The exchange rate between them reflects market sentiment on regional economic conditions and currency stability.

Today’s Price

• 1 HKD = 0.11 EUR
• 24h High: 0.10978 EUR
• 24h Low: 0.10962 EUR

Market Analysis

Recent HKD/EUR price action shows a bearish technical outlook, with multiple moving averages generating sell signals across different timeframes.

• Technical levels: Key support at 0.10962 EUR, resistance at 0.1104 EUR
• Key indicators: The 20-day and 50-day exponential moving averages are both at 0.1100 EUR, reinforcing downward pressure. RSI at 43.9990 suggests neutral momentum, while ADX at 24.8347 indicates a neutral trend strength
• Risk note: The prevalence of sell signals across moving averages suggests continued weakness in the near term
• Trading opportunities: Monitor for potential reversals near the 200-day simple moving average support at 0.1111 EUR

Conclusion

Continue to monitor the HKD/EUR pair closely, integrating technical signals with broader currency market trends. Traders should remain cautious given the current bearish technical setup while watching for potential support level holds.