- The EUR/USD was seen around the 1,0800 zone after having risen modestly after the European session on Tuesday.
- Despite neutral momentum indicators and a MACD sales signal, the general trend remains bullish above the key mobile socks.
- The support is about 1,0790 and 1,0764, while the resistance awaits around 1,0830 and 1,0865.
The Eur/USD pair was quoting around the 1,0800 area during the session on Tuesday after the European closure, maintaining modest profits in the day. Despite an intra -content range, the general perspective remains bullish since the torque is comfortably above its key mobile socks. The Momentum indicators remain mixed, suggesting a limited conviction in the short term, however, the broader trend signs support the bullish bias.
The relative force index (14) is currently neutral in 59.26, while the stochastic %K (14, 3) brand 51.66, both indicating a lack of strong momentum in any direction. The combined RSI/Stochastic reading also reflects a neutral configuration, pointing out a certain hesitation in the recent bullish momentum. However, the MACD presents a slight sale signal, which could suggest a brief pause or consolidation.
Despite these neutral momentum indicators, the image of the trend remains constructive. The pair remains comfortably above its 20 -day SMA (1,07589), 100 -day SMA (1.05209) and 200 -day SMA (1,07290). In addition, the 30 -day EMA bullish signals (1,07019) and SMA (1,06600) continue to support the upward structure. These levels form a solid technical base, reinforcing the control of buyers in the medium term.
At the bottom, the immediate support is around 1,07913, followed by 1,0764 and the 20 -day SMA in 1,07589. The resistance is located in 1.08297 – the upper limit of today’s range – and 1.08657, which marks a possible upward breakdown zone if the momentum returns. While the EUR/USD is maintained above the 1.0750/1.0730 area, the perspective remains rise.
EUR/USD daily graphics
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
