- The EUR/USD quotes near the 1.13 zone on Monday after a strong intradic increase.
- The pair maintains a bullish trend despite short -term mixed signs.
- The key support is grouped below 1,1230, with resistance about 1,1280.
The EUR/USD torque is quoting near the area of 1.13 on Monday, reflecting a strong intradic recovery as the market gains impulse after the European session. Despite the strong upward movement, the broader technical perspective presents a mixed image, with contradictory signs in different time frames. Short -term indicators suggest possible setbacks, while the long -term trend remains firmly bullish, providing a cautiously optimistic background to the torque.
The daily technical configuration reflects a complex perspective, but in general positive. The relative force index (RSI) is found in the 50s, pointing out a neutral impulse, while the convergence/divergence indicator of mobile socks (MacD) still points to sale pressure, highlighting the short -term consolidation potential. However, the average directional index (14) in the 20 supports the purchase pressure, suggesting that the torque could maintain its recent profits. The percentage range of Williams (14) and the basic product channel index (20) also indicate a neutral impulse, reinforcing the cautious tone.
Mobile socks paint a more favorable long -term image. The 10 -day exponential (EMA) mobile average and the simple mobile average (SMA) are aligned with the current upward feeling, while the 100 and 200 days smokes confirm the broader ascending trend. In contrast, the 20 -day SMA remains in sale territory, acting as a possible obstacle to the recovery of the torque.
Changing to the 4 -hour frame, the perspective remains firmly bullish. The 4 -hour MACD indicates a purchase impulse, aligning with the broader daily trend, while the EMAS and SMAS of 10 and 20 short -term periods also indicate a sustained purchase interest. The relative force index (RSI) and the average directional index (ADI) in the 4 -hour graphic remain neutral, reflecting the current consolidation phase after the strong upward movement.
The immediate support is observed around 1,1230, with additional levels in 1,1220 and 1,1217. On the positive side, the resistance will probably emerge around 1,1280, closely followed by 1,1282 and 1,1284. The broader fibonacci levels place a deeper support in the range of 1,0400 to 1,0900, while the resistance extends to 1,1500, 1,1700 and 1,2000, providing a broader context for possible rupture scenarios.
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.