- EUR/USD trading near 1.1300 zone after moderate losses in the post-European session of Thursday.
- The neutral momentum continues as mixed short-term cloud indicators close to view.
- The main levels of support hold below, as the resistance is aligned only above the current range.
The pair of EUR/USD Holds firmly around 1.1300 areas on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the range of the day, reflecting a careful bearing on the market as entrepreneurs assess the broader trend. Despite handling above critical long-term support, short-term signals are mixed, adding to closely indefinite.
From a technical point of view, the pair shows a neutral momentum in general. The KaMag -child Index index (RSI) is balanced near 54, indicating excessive doubt or excessive conditions. Moving the average varying scene (MACD), however, continues to shine a seller's signal, indicating the potential pressure of the downside in the short term. The Stochastic RSI Fast and Channel Channel Index is both neutral, strengthening the lack of strong bias of the current direction.
Longer support comes from 100-day and 200-day simple moving averages, which remains smoothly below the current levels and maintaining a bullish slope. In contrast, the 20-day SMA is sitting above the market, which signs close to the resistance and acting as a cover for further reversal. The ichimoku base line remains neutral, reflecting the wider indecision in the technical structure of the pair.
The support was identified at 1.1280, 1.1213, and 1.1209. Resistance levels can be found at 1.1312, 1.1321, and 1.1334. A prolonged move above the immediate resistance zone can confirm a short-term recovery, while a rest below support can signal a deeper correction in the upcoming sessions.
Sunny chart
