- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Bulls regain ground but momentum shows signs of exhaustion
EUR/USD Price Analysis: Bulls regain ground but momentum shows signs of exhaustion
- EUR/USD was seen trading around the 1.0910 zone after the European session, recovering after recent corrections.
- Despite the bounce, momentum indicators suggest uncertainty, with the RSI returning to overbought territory but the MACD showing weaker green bars.
EUR/USD extended gains on Monday after the European session, climbing toward the 1.0910 area as bulls made a comeback following a brief corrective phase. The pair recovered moderately, but signs of fading momentum persist, making the short-term outlook uncertain.
The Relative Strength Index (RSI) has returned to overbought levels, signaling strong buying interest, yet the Moving Average Convergence Divergence (MACD) is printing weaker green bars, suggesting that bullish momentum could be fading. This mixed picture leaves room for either sideways trading or a potential pullback if buyers fail to sustain the upward push.
On the technical front, immediate resistance is found near 1.0930, and a breakout above this level could open the door for further gains toward 1.0950. On the downside, initial support lies at 1.0880, followed by a stronger floor around 1.0850. If sellers gain traction, the pair could see a deeper retracement in the sessions ahead.
EUR/USD daily chart
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
