- Eurusd trading near 1.1400 areas, which slides slightly after the European session.
- Bullish bias continues despite mixed signals of short-term momentum.
- Resistance visible around 1.1378; Support zones near 1.1335 and 1.1215.
The Eurusd pair was seen walking near the 1.1400 region on Friday after the European session was removed. The pair is combined with a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while holding soil near recent highs.
Technically, the wider picture remains constructive. The 20-day, 100-day, and 200-day simple moving averages are higher, supporting the continued bullish trend. Shorter indicators such as 10-day EMA and 30-day EMA also adopt this view, suggesting that pullbacks can find support.
Momentum readings, however, are mixed. The Index of Kamag -child strength is neutral, while the MACD continues to release a purchase signal. At the same time, the 10-period indicator of momentum flashes a gentle seller, and the strength of the bull bear remains flat, featuring closely uncertain.
The key support levels can be found at 1.1369, 1.1335, and 1.1215. Upside down, the resistance is expected at 1.1378, with additional acquisitions that are likely to require stronger convincing.
