- The EUR/USD quotes near the 1100 zone with minor losses on Friday.
- The pair maintains a bassist perspective, supported by mixed technical signals.
- The key support is grouped below 1,1150, with resistance about 1,1200.
He EUR/USD It is under a modest sales pressure on Friday, moving near the lower end of its daily range around the 1100 zone. This positioning reflects a bearish tone, reinforced by a group of short -term technical indicators that favor the downward impulse, despite some mixed signs of longer term trends. As the European session comes to an end, operators seem cautious, aligning with the feeling of broader risk in the market.
The EUR/USD currently maintains a bearish bias, as highlighted by the alignment of its short -term mobile socks. The exponential (EMA) mobile average of 10 periods and the simple mobile average (SMA) of 10 periods point down, indicating short -term sales pressure. The simple mobile average (SMA) of 20 days also supports this bearish vision, adding weight to the downward perspective. In contrast, the 100 -day and 200 -day smokes indicate a more favorable background, suggesting that the general trend remains mixed.
Impulse indicators have an equally cautious image. The Relative Force Index (RSI) is around 40, indicating a neutral impulse, while the indicator of convergence/divergence of mobile socks (MACD) clearly favors the sale, increasing the downward risk of the torque. The average directional index (14) is in the 30s, confirming even more the bearish tone, while the ultimate oscillator (7, 14, 28) remains in neutral territory, reflecting the current indecision among the operators. The amazing oscillator also reflects this neutrality, without providing a clear directional signal.
Looking forward, the immediate support is around 1,1144, with additional levels about 1,1106 and 1,1094. On the positive side, the resistance will probably emerge around 1,1193, closely followed by 1,1209 and 1,1222, which could limit any attempt at recovery while the pair struggles to get out of its current downward trend.
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.
