EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
- EUR/USD trades near the 1.1500 zone, maintaining upside momentum after Monday’s European session.
- Despite overbought signals, technical structure remains bullish with all key moving averages supporting gains.
- Support is seen at 1.1458, 1.1290, and 1.1274; resistance levels remain unconfirmed as the rally extends.
The EUR/USD pair is gaining traction on Monday’s session, rising to the 1.1500 region and marking a 1% intraday increase. The pair sits mid-range between 1.1391 and 1.1572, with bullish sentiment supported by price action and technical indicators.
The Relative Strength Index (RSI) prints at 75.0446, in overbought territory but not yet flashing a reversal signal. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to issue a firm buy signal, reinforcing the upside. Other momentum indicators such as the Williams Percent Range (-7.9950) and Stochastic %K (88.0063) remain neutral, suggesting that the pair could still push higher before any meaningful correction.
Moving averages further bolster the bullish narrative. The 20-day Simple Moving Average (SMA) stands at 1.1064, with the 100-day at 1.0609 and the 200-day at 1.0759 — all aligned to the upside. Shorter-term levels like the 10-day Exponential Moving Average (EMA) at 1.1290 and 10-day SMA at 1.1274 also support the bullish case.
Daily chart
