- The EUR/USD is quoted around the 1,1200 area with minor profits on Thursday.
- Short -term indicators remain mixed, while long -term trends support an upward perspective.
- Key support levels are below, with a grouped resistance near the recent maximums.
He EUR/USD He maintained a stable tone near the 1,1200 zone on Thursday, reflecting a cautiously bullish posture after the European session. The price action remains within half of its recent range, indicating a balanced feeling despite the short -term mixed signals. The broader technical structure remains favorable, with long -term mobile socks continuing to favor buyers, providing a solid base for possible profits.
From a technical perspective, the pair presents a complex but generally positive perspective. The relative force index (RSI) is around 40, indicating a neutral impulse without clear directional pressure. However, the indicator of convergence/divergence of mobile socks (MACD) indicates a boost of sale, reflecting the ongoing consolidation phase. Meanwhile, the average directional index, which operates in the 30, confirms a weak trend, adding to the mixed short -term perspective. The raw material channel index, on the other hand, shows purchase conditions, hinting at a possible upward impulse, while the amazing oscillator remains neutral, reflecting a clear lack of clear conviction in any direction.
Mobile socks provide a more favorable background. While the simple mobile average (SMA) of 20 days suggests short -term sales pressure, the SMA of 100 and 200 days in the long term, together with the exponential and simple mobile socks of 50 days, continue to align with the broader upward trend. This combination of short -term caution and long -term support reflects the current torque consolidation phase, with buyers still in control in the broader temporal framework.
Support levels are identified around 1,1130, 1,1099 and 1,1091. The resistance is grouped by about 1,1196, 1,1222 and 1,1234. A sustained movement above the immediate resistance zone could confirm a broader breakdown, while a movement below the support could trigger a short -term correction, potentially testing the lower end of the recent range.
Daily graph
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.
