- The EUR/USD quotes near the 1,1200 zone after strong profits in Tuesday’s session.
- Mixed Momentum signs, but the general trend is still positive with long -term support.
- Key support levels are maintained below, while the resistance is aligned near the maximums recent.
The EUR/USD pair advanced on Tuesday, quoting near the area of ​​1,1200 after the European session, reflecting a strong bullish tone as the market approaches the Asian session. The price action remains close to the upper part of the daily range, suggesting that buyers maintain control despite mixed momentum readings. The broader technical image remains constructive, with several longer -term mobile socks by reinforcing the general upward trend.
From a technical perspective, the pair presents a mixed but generally positive perspective. The relative force index is in 40, indicating a balanced momentum without immediate overcompra conditions. However, the indicator of convergence and divergence of mobile socks continues to show a sales signal, suggesting possible short -term resistance. Meanwhile, the bull/bassist power indicator supports the purchase inclination, adding weight to the upward case. The ultimate oscillator also remains in the 40s, reflecting a cautious tone, while the stochastic K K, quoting about 16, shows a clear purchase signal, indicating potential for more profits.
The broader trend structure is backed by key mobile socks. Simple mobile socks of 100 days and 200 days, together with the 50 -day exponential mobile average and the simple 50 -day mobile average, are aligned with the feeling of purchase, reinforcing the underlying bullish trend. However, the simple 20 -day mobile average remains an obstacle, suggesting that the road can still face resistance.
Support levels are grouped around 1,1132, 1,1084 and 1,1083. The resistance is found in 1,1197, 1,1230 and 1,1242. A sustained movement above the immediate resistance zone could confirm a wider break, while a fall 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.
