Note: This section contains information in English only.The EUR/USD currency pair is currently trading above the key support level of 1.1100, indicating a bullish trend. This support level has held firm, providing a foundation for potential upward movement. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest that bullish momentum remains intact, although some caution is warranted due to overbought conditions.
On the upside, the pair faces resistance around the 1.14350 level. A break above this resistance could open the door for further gains toward the 1.1500 psychological level. However, if the pair fails to breach this resistance, a pullback toward the 1.1100 support level may occur.
Tue, 20 May 2025 11:55:38 GMT
Source: Dukascopy Bank SA
On the upside, the pair faces resistance around the 1.14350 level. A break above this resistance could open the door for further gains toward the 1.1500 psychological level. However, if the pair fails to breach this resistance, a pullback toward the 1.1100 support level may occur.