- The Eurusd is quoted near the 1,1400 area, sliding slightly after the European session.
- The bullish inclination persists despite mixed short -term impulse signs.
- Resistance seen around 1,1378; Support areas about 1,1335 and 1,1215.
It was observed that the Eurusd pair remained close to the 1,1400 region on Friday after relaxing slightly after the European session. The torque is consolidating within a narrow range between 1,1315 and 1,1391, reflecting a pause in the upward impulse while still maintains land near the recent maximums.
Technically, the broader image remains constructive. Simple mobile stockings of 20 days, 100 days and 200 days point up, supporting the ongoing upward trend. Short -term indicators such as 10 -day EMA and 30 -day EMA also reinforce this perspective, suggesting that setbacks can find support.
However, impulse readings are mixed. The relative force index is neutral, while the MACD continues to emit a purchase signal. At the same time, the 10 periods impulse indicator shows a slight sale signal, and the Bull Bear Power remains flat, highlighting short -term indecision.
Key support levels are found in 1,1369, 1,1335 and 1,1215. On the positive side, resistance is expected in 1,1378, with additional gains that will probably require a stronger bullish conviction.
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.
