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- EUR/USD is trading near the 1.1300 area after it is modestly acquired at Friday’s session.
- The short -term mixed indicators contrast to a long -term emerging structure.
- The main support carries a little less, while the resistance corresponds to the last levels.
The pair of the euro/US dollar He advanced modestly on Friday, trading near the 1.1300 region after the European session. The price procedures remained in the day, which reflects the steady demand despite the mixed momentum signals in the short term. However, the broader artistic image is still constructive, as long -term averages boost the primary budget.
Technically, the husband offers a mixed but positive look in general. The relative power index in a neutral area sits about 52, indicating a balanced momentum without immediate pressure at the peak peak. However, the different moving average convergence continues to flash a sale signal, indicating that short -term gains may face resistance. Meanwhile, the Williams Percy Range and 10-Better of momentum indicates a purchase, adding a parallel weight to the most cautious MACD tone.
The wider structure is clearly tending to the upper direction. Simple moving averages of 100 -day and 200 days, which have been placed much less than the current levels remain firmly optimistic, reflecting a sustainable medium demand. Support Expectations They are a 30 -day and simple moving averages, both of which are heading up and sit under the current price movement, providing dynamic support. On the contrary, SMA for 20 days is a little over a slight spot and may serve as resistance in the short term, which determines immediate gains.
Support is located in 1.1226, 1.1225 and 1.1209. Resistance is found in 1.1266, 1.1273, and 1.1302. A continuous step above the extensive bullish resistance can be confirmed, while the decrease below near the support may lead to a brief corrective decline.
