- EUR/USD trades near the 1,1350 zone after Thursday's session progress.
- The speed of the seizures remain confusing, but the moving average confirms the bullish trend.
- Support seen 1.1320 and 1.1195; Resistance stands near 1.1375 and 1.1390.
After Thursday, the Eurus pair reached the European session, moving to a relatively narrow day near 1,1350. Growth upwards is based on a recent Christmas, keeping the pair conveniently in bullish territory.
Technically, the relative strength index near 63, providing a neutral-empty attitude, while the MACD indicator maintains a shopping signal, suggesting a continued rise. At the same time, the ultimate oscillator and stochastic oscillator are both neutral, indicating short -term convictions.
The wider trend is still upside down, as evidenced by the alignment of the main moving average. The 20-day, 100-day and 200-day simple moving average-is 1.1150, 1.0630 and 1.0765-is all higher, respectively. This bullish set is further supported by a 10-day exponential mobile average of 1.1320 and a 30-day mother at 1,1090.
Looking to the future, immediate support is at 1.1320, followed by 1.1195 and 1.1158. From the back, the resistance level was seen 1.1375 and 1.1390. The permanent move of these thresholds can open the door for further examination.
Daily chart
