- The EUR/USD quotes near the 1,1500 zone, maintaining the bullish impulse after the European session on Monday.
- Despite the overcompra signals, the technical structure remains bullish with all key mobile socks supporting profits.
- The support is observed in 1,1458, 1,1290 and 1,1274; The resistance levels remain unconfirmed as the rebound extends.
The EUR/USD torque is earning traction in Monday’s session, climbing to the 1,1500 region and marking an intradic increase of 1%. The torque is in an average range between 1,1391 and 1,1572, with an upward feeling supported by the price action and the technical indicators.
The relative force index (RSI) is located at 75,0446, in overcompra territory but still without showing a reversal signal. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) continues to issue a firm purchase signal, reinforcing the upward movement. Other impulse indicators such as the percentage range of Williams (-7,9950) and the stochastic K K (88.0063) remain neutral, suggesting that the pair could still rise more before any significant correction.
Mobile socks further reinforce the upward narrative. The simple mobile average (SMA) is located in 1,1064, with the 100 -day in 1,0609 and the 200 -day in 1,0759 – all aligned upwards. Short -term levels such as the 10 -day exponential mobile average (EMA) in 1,1290 and the 10 -day SMA in 1,1274 also support the upward case.
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.
