Today's TWD to EUR Price Update

Summary

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

Definition

The Euro (EUR) is one of the world’s major fiat currencies, while the New Taiwan Dollar (TWD) represents the currency of Taiwan’s economy. The exchange rate between them reflects market sentiment regarding Taiwan’s economic outlook and the relative strength of the Eurozone economy.

Today’s Price

• 1 TWD = 0.0267 EUR
• 24h High: 0.026839 EUR
• 24h Low: 0.026618 EUR

Market Analysis

Recent TWD/EUR price movement has been influenced by shifts in bilateral trade dynamics and Taiwan Dollar strength. Technical analysis indicates a Strong Buy outlook based on moving averages, with 12 Buy signals against 0 Sell signals.

• Technical levels: Key support identified through Fibonacci levels at 37.416–37.451, with resistance zones extending to 37.598
• Technical indicators: Moving averages (MA5 to MA200) show bullish alignment; however, MACD at -0.006 suggests caution
• Risk note: Short-term volatility may persist; traders should monitor macroeconomic indicators affecting both currencies
• Trading opportunities: Watch for consolidation patterns near current support levels and potential breakout opportunities above resistance zones

Conclusion

Continue to monitor the TWD/EUR pair closely, integrating technical signals with broader economic developments affecting both Taiwan and the Eurozone. Traders should remain alert to shifts in bilateral trade sentiment and currency strength dynamics.