- EUR/USD pair rose on Friday, recording a strong recovery to 1.0485.
- Technical indicators indicate the enhancement of momentum, with the husband approaching short -term resistance.
- The focus turns to whether buyers can maintain momentum above the psychological level 1.0500.
The Euro/dollar pair EUR/USD ended the week in a bullish direction, up 0.66% to settle at 1.0485 on Friday. This move indicates its continued recovery, after the last cohesion within the relatively narrow trading scope. The husband’s ability to maintain upward pressure highlights the buyer’s increasing confidence as he approaches the main resistance levels.
Technical readings reflect strong budget. The RSI (RSI) index has risen to 62, which is in the positive area and rises sharply, indicating a strong interest in purchase and a space to achieve more gains. Meanwhile, the graph for the divergence of the moving average (MACD) is printed ascending green columns, confirming the increasing bullish momentum and confirms the increased demand.
For immediate expectations, the 1.0500 level will be a pivotal resistance, with a decisive penetration over it opens the door to the next goal at 1.0530. On the bottom side, the support is located at 1.0450, followed by the 1.0420 level, which can serve as a safety mesh if the pressure of the sale returns to the appearance. Merchants will closely monitor these levels to assess the ability of this husband to maintain a bullish path.
Daily chart for Euro’s husband/USD
