EUR/USD Price Analysis: Euro Steadies Near 1.1400 After Soft Pullback

Bank Note, Euro, Bills, Paper Money

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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.

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Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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