- Eurusd is trading near the 1.1400 region, slightly sliding after the European session.
- The bullish bias continues despite the momentum signals in the short -term mixed term.
- Resistance seen about 1.1378; Support areas near 1.1335 and 1.1215.
Eurusd pair was seen homing near the 1.1400 area on Friday after slightly diluted in the aftermath of the European session. The pair is unified within a narrow range between 1.1315 and 1.1391, which reflects a temporary stop in the upscale momentum while still carrying the ground near the last levels.
Technically, the most constructive image remains. Simple movement average for 20 days, 100 days and 200 days, all indicate up, which supports the continuous upward trend. It also enhances shorter periods such as EMA for 10 days and EMA for 30 days this view, indicating that decline may find support.
Momentum readings, however, mixed. The neutral force index, while MACD continues to release a purchase signal. At the same time, the 10 -year momentum index, a moderate sale of a bull, remains flat, highlighting the frequency in the near term.
The main support levels are found at 1.1369, 1.1335 and 1.1215. In the upward direction, resistance is expected at 1.1378, with increased gains that are likely to require stronger bullish condemnation.
