- The EUR/USD quotes near the 1,1500 zone after descending modestly after the European session.
- The technical perspectives remain bullish in general, with the MACD pointing out purchase and the mobile socks aligned upwards.
The EUR/USD torque is showing a bullish signal, it is currently observed by quoting around the 1,1500 area after registering a slight decrease during the session on Tuesday after the European closure. In spite of the intradication, the torque maintains its broader ascending trajectory and remains anchored about half of the range of the session between 1,1455 and 1,1547.
From a technical perspective, the indicators have a slightly mixed bias. The relative force index (RSI) is above 70, which suggests overcompra territory and emits a slight sales signal. However, the MACD remains firmly bullish, continuing to support the upward impulse. The ultimate oscillator and the Bull Bear power are both in neutral territory, without offering a clear directional indication.
The upward case is strongly reinforced by mobile socks. Simple mobile means (SMA) of 20 days, 100 days and 200 days – in 1,1099, 1,0618 and 1,0762 respectively – are all in ascending trend. The short -term dynamics are also favorable, with the 10 -day EMA and SMA positioned around 1,1325 –1.1328, offering immediate support.
Daily graph
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.
