- EUR/USD edges down to 1.0370 on Tuesday after multiple rejections at the 20-day SMA.
- The RSI rises to 45, indicating improving momentum but still reflecting a cautious outlook.
- The MACD displays flat green bars, suggesting reduced bearish pressure, though a clear bullish reversal remains absent.
EUR/USD managed to climb towards the 1.0370-1.0390 range at the start of 2025, continuing its fragile recovery from recent losses. However, the pair has struggled to break decisively above the 20-day Simple Moving Average (SMA), suggesting that sellers may still influence the short-term direction.
Technical indicators are mixed. The Relative Strength Index (RSI) has risen to 45, signaling a modest increase in buying interest, but it remains in negative territory, indicating that buyers are not fully in control. The Moving Average Convergence Divergence (MACD) histogram shows flat green bars, suggesting that bearish momentum is easing, though it hasn’t yet transitioned into a sustained bullish move.
Looking ahead, a clear move above the 20-day SMA would be necessary for a stronger recovery and could pave the way for further gains. Without that, EUR/USD remains susceptible to renewed selling pressure, keeping its recent bounce cautious.
EUR/USD daily chart
