- EUR/USD trading around 1.1300 zones after moderately acquired in the post-European session of Tuesday.
- The bullish structure holds, although short-term indicators point to mixed momentum.
- Basic support levels of support just below, while trend -based indicators continue to favors consumers.
The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session while consumers remained in control despite the lack of strong momentum. The pair is sitting in the mid-range within the movement today and holding the key indicators of the trend, which maintains a bullish posture even though the intraday signals suggest a temporary unconsciousness.
Technically, EUR/USD flashes a bullish general bias. Moving the average convergence of the convergence currently printing a seller's signal, while the Kamag -child index of strength stays neutral just under 60, reflecting firm -but not aggressive -understanding. The impressive oscillator and stochastic %k are also neutral, which points to the limited strength of the short-term direction as the pair combines recent acquisitions.
Under the surface, the bullish structure is well supported. The 20-day, 100-day, and 200-day simple moving averages are all sloping upward and positioned below the current price action. Adopting this trend is the 10-day EMA and SMA, which also points to the higher and sit just under the current zone, providing dynamic support to minor pullbacks.
The support can be found at 1.1344, 1.1332, and 1.1331. The resistance remains limited to the upper end of the range now near 1.1370. A decisive push above that the zone can activate bullish momentum, while failure to hold support can lead to a brief pausing in pursuing without threatening the overall structure.
Sunny chart
