EUR/MGA 5399.37965

Market Overview

Market Overview The EUR/MGA last closed at 5399.38, reflecting a modest increase of 0.06% from the previous close and continuing its uptrend over the past 30 days with a 0.51% gain. The pair remains supported by steady fundamentals from both the Eurozone and Madagascar, with no major upcoming economic events currently expected to disrupt price action. Technical indicators show the 20-day moving average at 5395.12, the 50-day near 5397.16, and the 200-day also close to these levels, confirming the upward momentum. The RSI indicates moderate strength, while nearest support and resistance levels stand at approximately 5333.62 and 5409.57 respectively. For information only. Last Updated 1/15/26