- EUR/USD was seen across the 1.1400 zone after advancing post-European session on Friday.
- Bullish outlook stays intact, although momentum indicators level to hesitation.
- Key transferring averages help upside continuation, with resistance rising close by.
The EUR/USD pair prolonged greater on Friday, pushing into the 1.1400 zone after the European session, as patrons retained management within the broader development. Regardless of the advance, underlying momentum stays unsure, with blended alerts from short-term indicators. The broader technical construction, nevertheless, stays constructive, supported by agency positioning of main transferring averages that proceed to development upward.
From a technical perspective, the pair is flashing a bullish bias general. The Relative Energy Index hovers close to 59, nonetheless impartial however trending greater. The Shifting Common Convergence Divergence has turned unfavorable, suggesting fading intraday power. In the meantime, the Superior Oscillator and Stochastic %Okay stay in impartial territory, reinforcing the present lack of momentum somewhat than reversing the development.
Development affirmation is offered by the transferring averages. The ten-day and 30-day Exponential Shifting Averages, together with the 20-day, 100-day, and 200-day Easy Shifting Averages, all lie beneath the present worth and slope upward, reinforcing the broader bullish construction. These ranges proceed to supply robust dynamic help, whereas resistance now begins to construct simply above the present buying and selling space.
Help is situated at 1.1342, 1.1318, and 1.1295. On the upside, fast resistance is seen at 1.1377, with a breakout above this zone probably opening the door to additional positive factors.
Day by day Chart
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