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- EURUSD trades close to the 1.1400 space, slipping barely after the European session.
- The bullish bias persists regardless of blended short-term momentum alerts.
- Resistance seen round 1.1378; assist zones close to 1.1335 and 1.1215.
The EURUSD pair was seen hovering close to the 1.1400 area on Friday after easing barely within the aftermath of the European session. The pair is consolidating inside a slim vary between 1.1315 and 1.1391, reflecting a pause in bullish momentum whereas nonetheless holding floor close to latest highs.
Technically, the broader image stays constructive. The 20-day, 100-day, and 200-day easy transferring averages all level larger, supporting the continued bullish pattern. Shorter-term indicators just like the 10-day EMA and 30-day EMA additionally reinforce this outlook, suggesting that pullbacks might discover assist.
Momentum readings, nevertheless, are blended. The Relative Power Index is impartial, whereas the MACD continues to difficulty a purchase sign. On the identical time, the 10-period Momentum indicator flashes a gentle promote, and Bull Bear Energy stays flat, highlighting near-term indecision.
Key assist ranges are positioned at 1.1369, 1.1335, and 1.1215. On the upside, resistance is anticipated at 1.1378, with additional good points doubtless requiring stronger bullish conviction.
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