The EUR/USD pair experienced a minor uptick on Friday, reaching around 1.0430 after recent losses. The RSI climbed to 44 in negative territory, indicating a tepid recovery with sellers still in control. The MACD histogram shows flat green bars, suggesting fading bearish momentum, while the 20 – day SMA remains a key hurdle.
On Friday, the EUR/USD pair closed a shortened week with a small bounce. This uptick provided a brief respite from the recent decline, yet the pair continued to trade below the 20 – day Simple Moving Average (SMA), underscoring the prevailing downward trend. The SMA, positioned above the current price level, will be the first target for buyers aiming to establish a more positive outlook in 2025.
Technical signals are a blend of mixed indicators. The Relative strength index (RSI) has risen to 44, but its presence in negative territory indicates that bullish efforts are tentative at best. The Moving Average Convergence Divergence (MACD) histogram shows flat green bars, suggesting that the market is losing some of its previous bearish momentum, yet has not yet shifted firmly in favor of the bulls.
Looking ahead, traders need to witness a sustained move above the 20 – day SMA to confirm a significant trend change. Without such a breakthrough, the pair is likely to remain vulnerable to fresh selling pressure, keeping the downside risk in play despite the recent stabilization in price action.
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