- EUR/USD rises by 0.45% on Thursday to 1.0400, recovering barely from a pointy drop.
- RSI stands at 35, in adverse territory however rising sharply, suggesting an try and regain momentum.
- MACD histogram exhibits rising pink bars, indicating persistent bearish strain, albeit with indicators of easing.
After a steep decline of greater than 1% within the prior session, EUR/USD managed a modest rebound on Thursday, climbing 0.45% to commerce close to 1.0400. Regardless of this partial restoration, the pair stays comfortably under the 20-day Easy Shifting Common (SMA), which continues to cap any significant upside makes an attempt.
Technical indicators paint a blended image. The Relative Power Index (RSI) has improved to 35, nonetheless in adverse territory however rising sharply, hinting at diminishing promoting strain. In the meantime, the Shifting Common Convergence Divergence (MACD) histogram prints rising pink bars, reflecting ongoing bearish momentum, although it could be beginning to wane.
A sustained break above the 20-day SMA is required to shift the short-term outlook to a extra optimistic stance. Till then, the bias stays tilted to the draw back, and the pair’s current features seem extra like a reduction bounce than a real development reversal.
EUR/USD every day chart
