- EUR/USD trading near 1.1300 zone after climbing a modest post-European session.
- The bullish structure remains supported despite the mix -mix of momentum signals.
- The upward indicators of the uphill strengthen the strength, with the support levels holding below.
The EUR/USD pair rose higher on Monday, trading around the 1.1300 zone following the European session. The price action remained confined within the mid-range of the sun's movement, reflecting a steady grinding higher than an aggressive breakout. While some momentum indicators suggest integration -together, the broader trend remains clearly bullish, supported by the firm alignment throughout the average moves.
Technically, EUR/USD continues to glide a bullish general signal. The Kamag -child index is neutral near 58, showing moderate momentum without excessive conditions. Moving the average scene of the scene shines a seller's signal, which is the hopes of immediate bullish hope, while the ultimate oscillator and wonderful oscillator also remain in the neutral territory. These readings feature a possible pause in short-term momentum, even if they do not reverse the broader trend.
The main bullish bias is driven by moving averages. The 20-day, 100-day, and 200-day simple moving averages lie below the current price and point upward, providing a firm technical base. Supporting this perspective is the 30-day exponential and simple transfer of averages, which continues to rise and align with short-medium shorts.
Support levels can be found at 1.1314, 1.1287, and 1.1279. The resistance lies at 1.1331 and 1.1353. A prolonged move above the resistance could expose the additional bullish extension, while a falling under the closest support would likely lead to a brief retesting of recent lows.
Sunny chart
