EUR/USD PRICE ANALYSIS: Alciers are still favored despite intra -re -setback

• The EUR/USD is negotiated near the area of ​​1,1350, falling slightly during the session on Wednesday after previous profits.
• The broader bullish trend remains intact, supported by a strong positioning of short and long term mobile socks.
• The key support is found in 1,1265 and 1,1212, while resistance levels appear around 1,1354 and 1,1390.

After Wednesday’s European session, it was observed that the EUR/USD moved downwards to the 1350 area, modestly retreating from the previous maximums. Despite this intra -ease softness, the pair maintains a bullish perspective, largely supported by the positioning of its mobile socks. Technical indicators such as the Relative Force Index (RSI), the mobile convergence/divergence (MACD) and the raw material channel index (CCI) provide a more cautious tone, suggesting that the current fall can be part of a healthy correction within the wider trend.

The 20 -day SMA in 1,1265 continues to offer immediate support, while the 100 -day and 200 -day SMS – both in ascending trend – reprose the long -term upward case. The 30 -day EMA (1,1162) and the 30 -day SMA (1,1113) also validate the upward structure. However, the moment indicators reflect hesitation: the RSI is maintained just below the overcompra zone, the MACD shows a slight bearish divergence, and both the CCI and the Bull Bear Power remain neutral.

Support levels to monitor include 1,1265, 1,1258 and 1,1212. On the positive side, the resistance is limited about 1,1354, with additional obstacles in 1,1377 and 1,1390. While the EUR/USD remains above its key mobile socks, the bullish narrative remains valid despite the short -term consolidation.

Daily graph