The EUR/USD pair showed mild downside on Monday's session after the European close, though it continued to hover around the 1.1400 region.
The EUR/USD pair exhibited mild downside following the European close on Monday, pulling back slightly from the 1.1400 region after touching upon this level. Despite the setback, the pair remained in the upper half of the daily range, currently trading at 1.1380, within the apex of the Bollinger band and well within the daily range extremes of 1.12956 and 1.14242.
Relative Strength Index (RSI) at 76 signals overbought conditions, while MACD is bullish with a buy signal, indicating positive momentum. Commodity Channel Index (20) at 231.17 flashes a sell warning, and Average Directional Index (14) at 41.01 offers no directional bias.
The 10-day exponential moving average at 1.10918 and 10-day simple moving average at 1.10382 are both rising, aligning with the 20-day (1.09333), 100-day (1.05647), and 200-day (1.07456) simple moving averages, suggesting strong medium-to-long-term bullish momentum.
To round up, the pair encountered resistance at 1.1420, followed by psychological levels at 1.1450 and beyond if the bulls manage to push through. On the downside, support is anticipated at 1.13347, followed by 1.1103 and 1.10918.
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