- EUR/USD quotes around the middle zone of 1.13/1.14 after winning during Monday’s session.
- General bullish signals backed by key mobile stockings, despite mixed impulse indicators.
- The support is located about 1,1350 and 1,1340, with resistance found around 1,1380.
After the European session on Monday, it was observed that the EUR/USD quoted near the average area of 1.13/1.14, maintaining a positive tone in the day with a modest gain. Although the RSI maintains a neutral posture and the MACD shows a sales signal, the broader technical panorama is still inclined up. Impulse indicators and key mobile socks continue to support the upward vision, while immediate support and resistance levels define a well contained range around recent action.
The technical image of the torque shows a mixed bias but in general constructive. The relative force index (RSI) is around 63, suggesting a neutral tone without strong over -sales conditions. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) points to a slight bassist divergence, in contrast to the impulse indicator, which leans positively, and the indicator of bullish/bassist power that remains flat.
However, the main bullish conviction comes from the position of mobile socks. The simple mobile average (SMA) of 20 days is aligned around 1,1208, comfortably below the current price, while the Smas of 100 and 200 days, in 1,0651 and 1,0771 respectively, validate further validate the upward case. In addition, the exponential mobile socks (EMA) of 10 and 30 days located around 1,1341 and 1,1130 respectively, continue to reinforce the positive perspective.
In terms of levels to be monitored, the immediate support is found in 1,1354, closely followed by 1,1341 and deeper in 1,1230. On the positive side, the resistance awaits in 1,1380, which if it is exceeded could open the door to additional gains to the upper parts of the recent negotiation range.
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.
