- EUR/USD was observed by quoting around the 1.13 area after decreasing from the maximum session
- Despite the slight fall, the upward perspective remains intact with the price above the key averages
- The technical support is observed around 1,1128 and 1,1087, while the resistance looms near the area of 1,1415
The EUR/USD torque decreased slightly in the session on Tuesday after European closure, sliding from the previous intra -diastics and oscillating near the lower end of its daily range. The price action is negotiated around the area of 1.13, slightly lower in the day, although the broader technical trend continues to favor buyers.
Momentum indicators are mixed. The relative force index is 71.67, pointing out overcompra conditions and suggesting possible exhaustion, while the MACD still prints a purchase signal. Meanwhile, Williams’s percentile range at -22.75 and the rapid stochastic RSI in 91.85 remain neutral, offering limited directional clues in the short term.
Even so, mobile socks clearly support the bullish posture. The 10 -day EMA in 1,11280 and the 10 -day SMA in 1,10878 provide dynamic support, with longer -term signals also aligned up: the 20 -day SMA (1,09505), the 100 -day SMA (1,05734) and the 200 -day SMA (1,07478) are all in ascending slope and positioned below the current price levels.
Support levels are found in 1,1128, 1,1103 and 1,10878, marking key areas to be observed in case of prolonged setbacks. In the upper part, the initial resistance is located at 1,14159, which could limit additional profits if the momentum weakens.
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.
