- The EUR/USD quotes near the middle zone from 1.13 to a decline from 1.14 after a slight setback on Tuesday.
- The general bias remains bullish, backed by key mobile socks despite mixed signs of the indicators.
- The support is around the average area of 1.13, while the resistance is just below the level of 1.14.
The EUR/USD shows a bullish tone in Tuesday’s session after the European closure, even when the torque backed slightly from the previous maximums and now quotes near the average area of 1.13 at a decline from 1.14. Despite a slight fall during the session, the broader technical signals continue to suggest a bullish potential. While the relative force index (RSI) is located in a neutral reading and the MACD emits a sales signal, the bullish bias is reinforced by the mobile socks aligned to the rise.
Deepening the indicators, the RSI remains around 63, remaining comfortably outside the territory of overcompra, which suggests that the pair still has space to advance. The MACD, on the other hand, provides a short -term sales signal, hinting at certain consolidation in progress or a possible setback. The average directional index (ADX) around 51 reflects a neutral trend force, and the stochastic RSI remains under about 16, which implies that the bassist momentum is not yet dominant.
On the positive side, the upward structure remains intact thanks to the simple 20 -day mobile average in 1,1240, the 100 -day in 1,0659 and the 200 -day in 1,0774, all pointing up. The exponential mobile socks also support the perspective, with the EMA of 10 days in 1,1357 and the 30 -day EMA in 1,1149, reinforcing the upward trend.
The support is observed around 1,1380, followed by 1,1357 and deeper about 1,1249. On the positive side, the resistance comes into play around 1,1395. While short -term signals can suggest some hesitation, the widest technical framework still favors the upward as long as the pair remains above the key support areas.
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.
