- The EUR/USD was seen around the 1,1400 zone after advancing after the European session on Friday.
- The bullish perspective remains intact, although impulse indicators point to a hesitation.
- Key mobile socks support the rise, with resistance emerging nearby.
The EUR/USD pair extended upwards on Friday, pushing towards the 1,1400 area after the European session, since buyers kept control in the widest trend. Despite the progress, the underlying impulse remains uncertain, with mixed signs of short -term indicators. However, the broader technical structure remains constructive, supported by a firm position of the main mobile socks that continue in ascending tendency.
From a technical perspective, the torque shows an upward trend in general. The relative force index is about 59, still neutral but in ascending trend. The MACD has become negative, suggesting a decrease in intra -for force. Meanwhile, the amazing oscillator and the stochastic %K remain in neutral territory, reinforcing the current loss of impulse instead of reverse the trend.
Confirmation of the trend is provided by mobile socks. The exponential mobile socks of 10 days and 30 days, together with the simple mobile socks of 20 days, 100 days and 200 days, are all below the current price and are inclined up, reinforcing the largest bullish structure. These levels continue to provide a strong dynamic support, while the resistance now begins to form just above the current negotiation area.
The support is located in 1,1342, 1,1318 and 1,1295. On the positive side, the immediate resistance is observed in 1,1377, with a break above this area that could open the door to additional gains.
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.
