- EUR/USD trades close to the 1.1300 zone after a powerful upside in Friday’s session
- MACD flashes a purchase sign whereas the RSI flashes with overbought territory
- Key SMAs reinforce the bullish bias, with assist seen within the 1.11–1.1000 vary
The EUR/USD pair prolonged its rally on Friday, rising sharply and shifting close to the 1.1300 zone after the European session. With the pair positioned mid-range between 1.1187 and 1.1473, bulls stay in management, pushing towards new highs for the 12 months amid renewed danger urge for food.
Technical indicators present a powerful bullish setup, though some warning emerges. The Relative Power Index (RSI) stands at 75.43, hinting at overbought situations, whereas the MACD continues to generate a transparent purchase sign. The Stochastic %Okay at 74.94 and the Superior Oscillator at 0.03 each stay impartial, suggesting momentum could stabilize within the brief time period.
The broader pattern stays constructive, supported by upward-sloping shifting averages. The 20-day SMA at 1.09102, the 100-day SMA at 1.05556, and the 200-day SMA at 1.07427 all recommend sustained upside stress. Shorter-term shifting averages just like the 10-day EMA (1.10273) and 10-day SMA (1.09813) reinforce the continued bullish momentum.
Wanting forward, assist ranges are seen at 1.11728, 1.1103, and 1.10273. On the upside, merchants could search for potential continuation towards the 1.14 deal with if the bullish breakout holds, although barely overbought situations could immediate a pause or minor correction within the close to time period.
EUR/USD Every day chart
