- The EUR/USD quotes near the 1,1400 zone after sliding modestly after the European session.
- Despite today’s setback, technical indicators remain constructive with the MACD pointing out a purchase.
- The support is found in 1,1322, 1,1184 and 1,1153, while the resistance awaits in 1,1363 and 1,1454.
The EUR/USD torque weakened Wednesday, retreating slightly towards the 1,1400 area after a recent upward streak. Although the pair fell around half percent during the session, it remains confined within a healthy daily range between 1,1307 and 1,1440, showing signs of consolidation instead of reversion.
Impulse indicators offer a mixed vision. The relative force index remains in neutral territory about 64, suggesting conditions or over -sales or overalls. However, the MACD continues to show a purchase signal, supporting the broader upward feeling. Meanwhile, the percentage range of Williams and the bullish/bassist power show neutral readings, reinforcing short -term indecision.
At the bottom, the support is located in 1,1322, followed by deeper levels in 1,1184 and 1,1153. The resistance is above 1,1363 and extends to 1,1454. While today’s slight setback could indicate a cooling of the impulse, the underlying bullish inclination remains intact while the torque is maintained above the short -term key mobile socks.
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.
