EUR/USD remains capped below its 2025 peak of 1.1572 (April 21), with the 1.1600 level and the October 2021 high at 1.1692 acting as key resistance zones.
Initial contention comes at the May trough of 1.1067 (May 12), prior to the interim 55-day SMA at 1.1015, and the 200-day SMA at 1.0793.
Momentum indicators suggest possible near-term consolidation. The Relative Strength Index (RSI) has slipped to the 40 zone, while the Average Directional Index (ADX) at 39 points to a sustained trend, albeit with diminishing strength.
Eurusd signal signal
Initial contention comes at the May trough of 1.1067 (May 12), prior to the interim 55-day SMA at 1.1015, and the 200-day SMA at 1.0793.
Momentum indicators suggest possible near-term consolidation. The Relative Strength Index (RSI) has slipped to the 40 zone, while the Average Directional Index (ADX) at 39 points to a sustained trend, albeit with diminishing strength.
Eurusd signal signal
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Gold signal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.