Bulls push towards recent highs as pair trades above the 1.1300 zone

• EUR/USD trades close to the 1.1300 zone after a powerful upside in Friday’s session
• MACD flashes a purchase sign whereas the RSI flashes with overbought territory
• Key SMAs reinforce the bullish bias, with assist seen within the 1.11–1.1000 vary

The EUR/USD pair prolonged its rally on Friday, rising sharply and transferring close to the 1.1300 zone after the European session. With the pair positioned mid-range between 1.1187 and 1.1473, bulls stay in management, pushing towards new highs for the 12 months amid renewed threat urge for food.

Technical indicators present a powerful bullish setup, though some warning emerges. The Relative Energy Index (RSI) stands at 75.43, hinting at overbought situations, whereas the MACD continues to generate a transparent purchase sign. The Stochastic %Ok at 74.94 and the Superior Oscillator at 0.03 each stay impartial, suggesting momentum might stabilize within the brief time period.

The broader development stays constructive, supported by upward-sloping transferring averages. The 20-day SMA at 1.09102, the 100-day SMA at 1.05556, and the 200-day SMA at 1.07427 all recommend sustained upside strain. Shorter-term transferring averages just like the 10-day EMA (1.10273) and 10-day SMA (1.09813) reinforce the continuing bullish momentum.

Wanting forward, assist ranges are seen at 1.11728, 1.1103, and 1.10273. On the upside, merchants might search for potential continuation towards the 1.14 deal with if the bullish breakout holds, although barely overbought situations might immediate a pause or minor correction within the close to time period.

EUR/USD Each day chart