- The EUR/USD quotes near the 1,1300 zone after winning modestly in Friday’s session.
- The mixed short -term indicators contrast with a long -term structure in general upward.
- The key support is maintained just below, while the resistance is aligned near the maximums recent.
The EUR/USD pair advanced modestly on Friday, quoting near the area of 1,1300 after the European session. The price action remained contained within the range of the day, reflecting a constant demand despite the short -term momentum signals. However, the broader technical image remains constructive, with long -term averages by reinforcing the underlying upward trend.
Technically, the pair presents a mixed but generally positive perspective. The relative force index is in neutral territory around 52, suggesting a balanced momentum without immediate overcompra pressure. However, the MACD continues to give a sales signal, indicating that short -term profits can face resistance. Meanwhile, the percentage range of Williams and the momentum of 10 periods both suggest a purchase, adding a counterweight to the most cautious tone of the MacD.
The broader structure is clearly inclined up. Simple mobile socks (SMA) of 100 and 200 days, positioned well below the current levels, remain firmly bullish, reflecting a sustained demand in the medium term. Supporting this perspective are the exponential and simple mobile socks (EMA and SMA) of 30 days, both in ascending and located just below the current price action, providing dynamic support. In contrast, the 20 -day SMA is slightly above the spot and can act as a short -term resistance, limiting immediate profits.
The support is found in 1,1226, 1,1225 and 1,1209. The resistance is found in 1,1266, 1,1273 and 1,1302. A sustained movement above the immediate resistance band could confirm the broader bullish trend, while a fall below the close support could trigger a brief corrective setback.
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.
