• EUR/USD edged up to around 1.0830 on Friday afternoon, following the European trading session, and is now testing the higher end of its daily range.
• Even though some indicators are giving mixed signals, both short and long-term moving averages are still pointing towards a continuing bullish trend for the pair.
• Currently, support seems to be holding around 1.0790–1.0810, while resistance is forming near 1.0845. Interestingly, the MACD indicator is suggesting a sell, but overall, the feeling is still bullish.

The EUR/USD pair kept pushing higher on Friday, climbing towards the 1.0830 level after the European session wrapped up, and is now approaching the top of its trading range for the day. This upward movement suggests there’s still buying interest in the euro, even though some short-term signals aren’t completely clear. Technically speaking, things still look bullish overall, especially with moving averages acting as support, but traders are keeping an eye out as some indicators are hinting at a more neutral or slightly cautious stance.

Looking closer at momentum, we’re getting a mixed bag of signals. The immediate Relative Strength Index (RSI) is hovering around neutral at 5.91, and when you look at the Stochastic indicator alongside it, it’s not really giving a strong direction. Interestingly, the Moving Average Convergence Divergence (MACD) is actually flashing a sell sign right now, while the longer-term RSI (over 14 periods) is sitting at about 57. The Bull Bear Power indicator is also slightly negative, which might suggest a little bit of hesitation in the market despite the recent positive movement.

However, when we switch our focus to moving averages, the picture becomes more optimistic. The 20-day Simple Moving Average (SMA) at 1.0791, the 100-day SMA way down at 1.0518, and the 200-day SMA at 1.0729 are all signaling buy opportunities, which reinforces the idea of a generally bullish market structure. Plus, further support from the 30-day Exponential Moving Average (at 1.0709) and SMA (at 1.0682) strengthens this bullish outlook even more.

If we see a move downwards, EUR/USD should find support around 1.0810, followed by 1.0791, and then 1.0785. On the flip side, resistance is currently around 1.0845. If the price can break through this level, it might pave the way for a more significant push upwards. So, while the overall vibe is still bullish, traders might need to be ready for some choppy signals from the short-term indicators as the pair takes a bit of a breather and consolidates its recent gains.

EUR/USD daily chart