- EUR/USD declines by 0.33% on Tuesday, settling at 1.0525 after falling beneath the 20-day SMA.
- RSI drops sharply to 40, remaining within the unfavourable space, signaling weakening momentum.
- MACD histogram prints lowering inexperienced bars, highlighting fading bullish traction.
The EUR/USD pair prolonged its losses on Tuesday, retreating to 1.0525 and slipping barely beneath the 20-day Easy Shifting Common (SMA). This growth undermines the pair’s short-term constructive outlook, elevating considerations about additional draw back dangers if the 20-day SMA is definitively breached.
Technical indicators level to a deteriorating momentum. The Relative Power Index (RSI) has declined sharply to 40, signaling elevated promoting strain and remaining firmly within the unfavourable territory. Equally, the Shifting Common Convergence Divergence (MACD) histogram reveals lowering inexperienced bars, indicating fading bullish traction and reinforcing a bearish bias.
On the draw back, the lack of the 20-day SMA round 1.0550 exposes the pair to additional declines, with the subsequent help ranges at 1.0500 and 1.0480. For any restoration, EUR/USD should first regain the 20-day SMA after which break above the 1.0600 resistance stage to revive the bullish case and shift momentum again in favor of the bulls.
EUR/USD each day chart
