EUR/USD continues to hold comfortably above its 200-day simple moving average (SMA) at 1.0817, suggesting the broader uptrend remains intact.
Key resistance levels lie at the YTD high of 1.1572 (April 21), followed by the 1.1600 round level and the October 2021 peak at 1.1692 (October 28).
Support comes in at the temporary 55-day SMA at 1.1192, with further downside guarded by the May low at 1.1064 (May 12). A break below the key 1.1000 milestone would open the door to a potential test of the 200-day SMA.
Momentum signals remain mixed. The Average Directional Index (ADX) near 18 suggests waning trend strength, but the Relative Strength Index (RSI) near 59 still points to decent bullish momentum.
Eurusd signal sell
Key resistance levels lie at the YTD high of 1.1572 (April 21), followed by the 1.1600 round level and the October 2021 peak at 1.1692 (October 28).
Support comes in at the temporary 55-day SMA at 1.1192, with further downside guarded by the May low at 1.1064 (May 12). A break below the key 1.1000 milestone would open the door to a potential test of the 200-day SMA.
Momentum signals remain mixed. The Average Directional Index (ADX) near 18 suggests waning trend strength, but the Relative Strength Index (RSI) near 59 still points to decent bullish momentum.
Eurusd signal sell
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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.