EUR/USD Price Analysis: Euro steadies near 1.1400 after soft pullback

Source Fxstreet
  • EURUSD trades near the 1.1400 area, slipping slightly after the European session.
  • The bullish bias persists despite mixed short-term momentum signals.
  • Resistance seen around 1.1378; support zones near 1.1335 and 1.1215.

The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.

Technically, the broader picture remains constructive. The 20-day, 100-day, and 200-day simple moving averages all point higher, supporting the ongoing bullish trend. Shorter-term indicators like the 10-day EMA and 30-day EMA also reinforce this outlook, suggesting that pullbacks may find support.

Momentum readings, however, are mixed. The Relative Strength Index is neutral, while the MACD continues to issue a buy signal. At the same time, the 10-period Momentum indicator flashes a mild sell, and Bull Bear Power remains flat, highlighting near-term indecision.

Key support levels are located at 1.1369, 1.1335, and 1.1215. On the upside, resistance is expected at 1.1378, with further gains likely requiring stronger bullish conviction.


Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump vs. Powell: Bullish or Bearish for Bitcoin?The core of the Trump-Powell clash revolves around interest rates. Trump wants the Fed to cut rates swiftly, while Powell remains cautious and is in no hurry to make adjustments. Changes in interest rates affect not only traditional financial products and but also alternative assets like Bitcoin.
Author  TradingKey
9 hours ago
The core of the Trump-Powell clash revolves around interest rates. Trump wants the Fed to cut rates swiftly, while Powell remains cautious and is in no hurry to make adjustments. Changes in interest rates affect not only traditional financial products and but also alternative assets like Bitcoin.
placeholder
EUR/USD declines as US Dollar gains on hopes of easing US-China trade warEUR/USD trades lower around 1.1350 during European trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
Author  FXStreet
9 hours ago
EUR/USD trades lower around 1.1350 during European trading hours on Friday. The major currency pair weakens due to a recovery move in the US Dollar (USD) on hopes of an improvement in trade relations between the United States (US) and China.
placeholder
Bitcoin Metrics on Binance Show Shift That Could Precede Market SqueezeBitcoin has seen a modest decline in price after climbing above $94,000 earlier in the week.
Author  NewsBTC
9 hours ago
Bitcoin has seen a modest decline in price after climbing above $94,000 earlier in the week.
placeholder
Gold edges down amid clash over status of US-China trade talksGold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
Author  FXStreet
10 hours ago
Gold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
placeholder
Forex Today: US Dollar regains traction on renewed optimism about easing US-China tensionsFollowing Thursday's decline, the US Dollar (USD) gathers strength against its rivals early Friday as markets assess the latest headlines surrounding the US-China trade relations.
Author  FXStreet
10 hours ago
Following Thursday's decline, the US Dollar (USD) gathers strength against its rivals early Friday as markets assess the latest headlines surrounding the US-China trade relations.
Related Instrument
goTop
quote