The husband relieves about the middle of the range, despite the reservation of the bullish structure
- EUR/USD was seen all over the 1.08 region after the European session on Monday, which slightly reduces its daily domain.
- Despite the decline in today, the husband maintains a bullish structure supported by average average movement.
- Support lies in the 1.0730 area, while the husband must restore 1.0830-1.0840 to revive the upscale momentum.
The EUR/USD pair decreased slightly in the Monday session after the European closure, sticking near the 1.08 region and remaining confined to its daily scope. While the price movement tends somewhat within the day, the broader technical signals still indicate the basic bullish support, especially from long -term indicators. MACD has generated a new sale signal, but the broader context still prefers bulls as simple averages maintain for 100 days and 200 days over an upward slope.
Daily chart
The artistic image in the short term shows a mixed preparation. The relative strength index is 14-decrease at 57.6, and it hovers in neutral lands, while the stochastic oscillator also sits near 35.5. The averages of luxury movement remained: EMA for 10 days at 1.0811 and EMA for 30 days at 1.0723 each point higher, buyers may still have a signal signal if the pair holds higher than the main support levels.
Immediate support is located near 1.0793, followed by 1.0773 and SMA for 200 days around 1.0730, which constitutes a decisive floor for the bulls. On the upper side, the resistance appears about 1.0811, 1.0823 and 1.0828 – levels that must be wiped to revive the bullish condemnation. In general, EUR/USD maintains bullish expectations with caution, although the price movement inside the day may remain volatile as long as the husband is merged around the mid -1.08.
