Euro steadies near 1.5800 as bullish trend holds despite mixed signals

admin5 hours ago

0 29 1 minute read

EUR / CAD is negotiated near the 1.5,800 area after a mute performance during the Tuesday session.
The pair maintains a bias bias, supported by high mobile medium despite some signs of mixed Momentum.
The levels of support and resistance remain grouped around the 1.5780 area, offering nearby technical advice.

The EUR / CAD was seen exchanging around the 1.5800 zone after the European session on Tuesday, showing little movement the day after a slight decline. Despite the minor drop, the overall technical configuration remains optimistic. The indicators offer a mixed image: the relative resistance index (RSI) maintains a neutral position around 57 years, the divergence of Mobile average convergence (MacD) flashes a sales signal, while the percentage beach Williams and the average directional index (ADX) are also neutral. However, a solid support for key moving means maintains the wider upward trend intact.

Advertise here

By looking more deeply, the simple 20-day mobile average (SMA) nearly 1.5698, as well as the SMA from 100 days to 1,5203 and the 200-day SMA to 1.5089, continue to point to a purchase bias, strengthening the underlying force of the Euro against the Canadian dollar. The short -term momentum is supported by the 10 -day exponential mobile average (EMA) around 1,5760 and the SMA 10 days to 1.5781, both indicating a sustained optimistic pressure.

However, the momentum indicators Use a certain caution. The RSI at 57 suggests neither a large over -racket or occurrence conditions, while the MacD indicates a short -term sales pressure. Williams' percentage beach, oscillating nearly -31 and the ADX around 38, both reflect a neutral to moderate trend force.

Support for EUR / CAD is at 1.5780, 1.5764 and 1.5760, levels that could amortize any additional decline. Right up, traders will read the potential resistance closer to the 1.5810 zone, where the action of previous prices capped gains during Tuesday movements. Overall, although certain intraday hesitations are obvious, the wider structure promotes continuous force for the euro, unless the key supports are decisively broken.