EUR/USD PRICE ANALYSIS: THE ALCISTAS exceed the 200 -day SMA as recovery extends

• The EUR/USD advanced after the European session, quoting above the 200 -day SMA near the 1,0830 region while the bullish impulse continued.
• The pair has won almost 5% this week, breaking a key resistance and pointing out a possible continuation of the upward trend.
• The key resistance arises about 1,0900, while the support is now aligned in the 200 -day SMA around 1,0830.

The EUR/USD extended its recovery on Thursday, rising above the simple mobile average (SMA) of 200 days after the European session, pointing out a strong bullish impulse. The PAR has added about 5% this week, reinforcing the control of buyers while the technical indicators remain in favor of greater profits.

The Relative Force Index (RSI) remains in overcompra territory but is only increasing slightly, suggesting that, although the torque retains bullish impulse, a benefit takeover or temporary setback could arise. Meanwhile, the convergence/divergence indicator of mobile socks (MACD) continues to print growing green bars, confirming the ongoing upward trend.

Now that the EUR/USD has moved decisively above the 200 -day SMA, the next key resistance is observed around the 1,0900 region. A sustained rupture above this level could open the door to higher profits towards 1,0950. Down, the 200 -day SMA, which now acts as an immediate support, is around 1,0830, with an additional purchase interest probably about 1,0750.

EUR/USD daily graphics