EUR/USD PRICE ANALYSIS: Alcistas push up but face key resistance

• The EUR/USD rises to 1,0375 on Wednesday, extending its recovery.
• The impulse accumulates, but the torque struggles to overcome the 20 -day SMA.
• The RSI goes up while the MACD remains neutral, suggesting a cautious optimism.

The EUR/USD pair rose to 1,0375 on Wednesday, since buyers extended their recent recovery efforts. However, the rally found resistance in the simple mobile average (SMA) of 20 days, a key technical barrier that has previously dictated the short -term address. The torque capacity to consolidate above this level could determine the next important movement.

Technical indicators reflect a mixed impulse. The Relative Force Index (RSI) has risen but remains below the neutral brand of 50, pointing out a continuous market hesitation. Meanwhile, the MACD histogram prints flat green bars, suggesting that although the bearish pressure is decreasing, a strong bullish trend has not yet materialized.

From a structural perspective, the torque remains within a broader consolidation phase, with 1,0400 resistance and support in 1,0350. A sustained breakdown above the 20 -day SMA could boost a race towards 1,0450, while the inability to maintain profits could lead to renewed sales pressure towards 1,0320.

Beyond the technical levels, the fundamental factors could play a decisive role in the configuration of the short -term price action. The recent movements of the USD have been closely linked to the changing expectations of fees and the rhetoric of the Federal Reserve. If the incoming data or comments of the Central Bank reinforce the need for higher rates for longer, the EUR/USD could have difficulties in sustaining bullish attempts. For Wednesday’s session, investors will take into account the new US inflation data published during the European session and the testimony of Jerome Powell in Capitol Hill.

EUR/USD daily graphics