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EUR/USD hovers between the mid-1.13 and low-1.14 range following a modest pullback on Tuesday.
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The broader outlook stays bullish, supported by key moving averages, despite some mixed signals from technical indicators.
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Key support is located around the mid-1.13 level, with resistance just below the 1.14 mark.
The EUR/USD pair maintains a bullish tone in Tuesday’s session following the European close, despite a slight pullback from earlier highs. The pair is currently trading within the mid-1.13 to low-1.14 range, reflecting a modest retreat while keeping the broader uptrend intact.
Despite the intraday dip, technical indicators continue to point toward potential upside. The Relative Strength Index (RSI) stands at 63, remaining comfortably below the overbought threshold, suggesting that the pair still has room for further gains. Meanwhile, the Moving Average Convergence Divergence (MACD) has issued a short-term sell signal, signaling possible consolidation or a minor correction. The Average Directional Index (ADX) is around 51, indicating a neutral trend strength, while the Stochastic RSI near 16 shows low momentum from sellers, implying bearish pressure is not yet prevailing.
The overall bullish structure is supported by the alignment of key moving averages. The 20-day simple moving average (SMA) at 1.1240, the 100-day at 1.0659, and the 200-day at 1.0774 are all trending upward, reinforcing the long-term bullish bias. Exponential moving averages also reflect the same outlook, with the 10-day EMA at 1.1357 and the 30-day EMA at 1.1149 confirming the continued strength of the uptrend.
Key support levels lie at 1.1380, followed by 1.1357 and deeper support near 1.1249. On the upside, immediate resistance is found around 1.1395. While short-term indicators hint at caution or consolidation, the prevailing technical setup suggests the pair remains poised for further gains as long as it holds above critical support levels.
Daily Chart
