• EUR/USD was seen stabilizing around the 1.0930 zone after the European session, showing neutral movement.
  • Indicators remain in overbought territory, suggesting that the pair may consolidate before choosing a clear direction.
  • Support stands around 1.0850 and resistance is near 1.1000, with price action lacking strong directional momentum.

EUR/USD is trading steadily on Tuesday after the European session, hovering around the 1.0930 area without clear direction. Following last week’s rally, the pair has struggled to find fresh momentum, with buyers and sellers maintaining a cautious stance.

From a technical perspective, the Relative Strength Index (RSI) remains in overbought territory at 73 but is showing signs of flattening, reflecting waning bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) prints flat green bars, signaling a lack of strong trend conviction. These indicators suggest that the pair may enter a consolidation phase before making a decisive move.

Looking ahead, resistance remains at the 1.1000 mark, which has historically acted as a key barrier. On the downside, initial support is located near 1.0850, with stronger footing around the 20-day moving average near 1.0800. A break below these levels could trigger a corrective move, while sustained trading above 1.0900 keeps the broader bullish outlook intact.

EUR/USD daily chart

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision