EUR/MGA 5206.46609

Market Overview

Market Overview The EUR/MGA pair closed most recently at 5206.47, reflecting a slight increase of 0.02% from the previous close of 5205.45, consistent with the ongoing uptrend. Over the past 30 days, the pair has gained 0.22%, with a high of 5223.52 and a low of 5191.14, indicating steady upward momentum. No major economic events are scheduled imminently, but market participants remain attentive to Eurozone monetary policy and Madagascar’s economic indicators. Technical analysis shows the 20-, 50-, and 200-day moving averages at approximately 5200.21, with the RSI indicating moderate strength. Nearest support is near 5190, with resistance around 5230. For information only. Last Updated 12/4/25