- EUR/USD falls and settles around 1.0285 amid waning bullish momentum.
- The RSI rises slightly, still confined to negative territory and signaling tepid buying interest.
- The MACD histogram remains flat with green bars, highlighting the lack of convincing bullish follow-through.
The EUR/USD pair struggled to maintain bullish momentum on Friday, falling 0.20% to settle around the 1.0285 level. Efforts to break decisively above the 20-day SMA once again fell short, underscoring the persistent headwinds facing any near-term recovery. Although the pair has managed to avoid a steeper sell-off, the market’s appetite for stronger gains appears muted. On the technical front, the Relative Strength Index (RSI) has risen slightly to 44, a level that still suggests persistent bearish undertones. Meanwhile, the moving average convergence/divergence indicator (MACD) histogram continues to print flat green bars, indicating that buyers have not yet fully stepped in to reverse the pair’s recent rejection from overhead resistance.
Looking ahead, the 20-day SMA, situated around 1.0330, remains a crucial hurdle for EUR/USD. A convincing move above this threshold would be needed to change the near-term outlook in favor of the bulls. If not, further downside risks could emerge, with the next support layer likely clustered near 1.0260–1.0250.
EUR/USD Daily Chart
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.
