- EUR / USD was seen in zone 1,1400 after having advanced the post-European session on Friday.
- Housing perspectives remain intact, although the indicators of Momentum indicate hesitation.
- The key moving averages take care of continuation, the resistance emerging nearby.
Friday, the EUR / USD pair spread above, pushing in zone 1,1400 after the European session, while buyers have retained control in the wider trend. Despite the advance, the underlying momentum remains uncertain, with mixed signals from short-term indicators. The broader technical structure, however, remains constructive, supported by the positioning of the company of the major medium of moving which continue from upward trend.
From a technical point of view, the pair flashes a bias bias overall. The relative resistance index oscillates nearly 59, still neutral but trendy above. The divergence of the average mobile convergence has become negative, suggesting an intrajournal resistance to discoloration. Meanwhile, the impressive oscillator and the% stochastic of revert in neutral territory, strengthening the current loss of the momentum rather than overthrowing the trend.
Trendy confirmation is provided by mobile averages. The medium of exponential moves of 10 days and 30 days, as well as the single mobile averages of 20 days, 100 days and 200 days, are all below the current price and the slope up, reinforcing the wider bullish structure. These levels continue to provide strong dynamic support, while resistance is now starting to build just above the current negotiation area.
The support is located at 1.1342, 1,1318 and 1,1295. Uplining, immediate resistance is observed at 1,1377, with an escape above this area potentially opening the door to other gains.
Daily graphic
