Bullish Consolidation near 1.0800

Bullish Consolidation near 1.0800

fxstreet.com
March 26, 2025 by Jhon E. Bermúdez
4
Okay, I’ll rewrite the provided text to make it more natural and engaging, while ensuring all HTML tags, original tone, style, and intent are preserved. Here’s the humanized version: <div id="fxs_article_content"> <ul> <li><strong>EUR/USD is hanging around the 1.0800 mark after a bit of a dip on Wednesday.</strong></li> <li><strong>Even with a slight pullback today, the bigger
Bullish-Consolidation-near-10800.png


Okay, I’ll rewrite the provided text to make it more natural and engaging, while ensuring all HTML tags, original tone, style, and intent are preserved. Here’s the humanized version:

<div id="fxs_article_content">
                    <ul>
    <li><strong>EUR/USD is hanging around the 1.0800 mark after a bit of a dip on Wednesday.</strong></li>
    <li><strong>Even with a slight pullback today, the bigger picture still looks bullish, thanks to those consistently rising moving averages.</strong></li>
    <li><strong>The MACD is hinting at a possible sell signal, while key support is around 1.0770 and resistance is at 1.0820 and upwards.</strong></li>
</ul>

<p>EUR/USD is trading a little softer in Wednesday's session after the European trading day wrapped up, and we're seeing it fluctuate around the 1.0800 level right now.  The pair hasn't really strayed from its daily range, showing a bit of indecision in direction, but it's still holding comfortably above those important moving averages that are keeping the overall bullish vibe alive.</p>

<p>Technically speaking, EUR/USD has a solid floor of support starting with the 20-day Simple Moving Average at 1.0773.  Then you've got the 100-day and 200-day SMAs further below at 1.0520 and 1.0729 respectively – all pointing upwards! The 30-day EMA and SMA are also reinforcing this bullish setup, as the pair consistently trades above these dynamic support levels.</p>

<p>However, we are getting some mixed signals from our indicators. The Relative Strength Index (RSI) is currently at 57, which suggests momentum is pretty neutral right now. The Average Directional Index is at 29, indicating a moderate trend strength. Now, the Moving Average Convergence Divergence (MACD) is still above its signal line, but it's turned downwards and is now flashing a slight sell signal.  Interestingly, the combined RSI/Stochastic indicator is still in neutral territory.</p>

<p>When we look at specific levels, the first area of support to watch is at 1.0773, followed by 1.0765.  If the pair tries to move higher, it will likely run into resistance around 1.0820, and then again near 1.0853.  Bulls might find it tougher to push through those higher levels. Until we see a clear move one way or the other, EUR/USD might just keep trading within this range.</p>

<h2 class="fxs_headline_from_medium_to_large">EUR/USD daily chart</h2>

<p><a href="https://editorial.fxsstatic.com/miscelaneous/image-638786009031382228.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/image-638786009031382228.png" style="width: 1656;height: 718;"/></a></p>

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Source: fxstreet.com