EUR/USD Price Analysis: Consolidates near 1.0800 with bullish trend under soft pressure

Source Fxstreet
  • EUR/USD was seen hovering near the 1.0800 area after posting mild losses on Wednesday.
  • Despite intraday softness, the broader trend remains bullish, supported by upward-sloping moving averages.
  • MACD shows a sell signal while support lies at 1.0770 and resistance at 1.0820 and beyond.

EUR/USD traded with slight weakness on Wednesday's session after the European close, seen hovering around the 1.0800 zone. The pair remained within its daily range, reflecting limited directional conviction, but still holding above key moving averages that keep the broader bullish trend intact.

From a technical standpoint, the pair is supported by the 20-day Simple Moving Average at 1.0773, along with the 100-day and 200-day SMAs at 1.0520 and 1.0729, respectively—all pointing higher. The 30-day EMA and SMA also reinforce the bullish structure, with the pair consistently trading above these dynamic supports.

However, some mixed signals arise from the oscillators. The Relative Strength Index sits at 57, reflecting neutral momentum, while the Average Directional Index prints at 29, suggesting moderate trend strength. The MACD, despite remaining above the signal line, has turned lower and now issues a soft sell signal. Meanwhile, the combined RSI/Stochastic indicator confirms a neutral stance.

Looking at levels, initial support comes at 1.0773 followed by 1.0765. On the upside, resistance is seen around 1.0820 and later near 1.0853, where bulls may encounter further challenges. Until a clear breakout materializes, the pair may continue consolidating within this range.

EUR/USD daily chart

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETFs Rebound, But Inflows Hit 2025 Low | ETF NewsBitcoin exchange-traded funds (ETFs) recorded a modest net inflow of $15 million last week, marking a significant turnaround from the previous week’s sharp outflows exceeding $713 million.
Author  Beincrypto
Apr 21, Mon
Bitcoin exchange-traded funds (ETFs) recorded a modest net inflow of $15 million last week, marking a significant turnaround from the previous week’s sharp outflows exceeding $713 million.
placeholder
Is Bitcoin Following Gold’s Power Curve? Analyst Predicts $450,000 Target By Q4 2025While gold continues to set new all-time highs (ATH), trading at $3,420 per ounce, Bitcoin (BTC) may soon follow the precious metal’s price trajectory, according to crypto analyst Master of Crypto.
Author  FXStreet
23 hours ago
While gold continues to set new all-time highs (ATH), trading at $3,420 per ounce, Bitcoin (BTC) may soon follow the precious metal’s price trajectory, according to crypto analyst Master of Crypto.
placeholder
Ethereum Price Loses Steam—But Maintains Bullish Structure Above SupportEthereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance.
Author  NewsBTC
22 hours ago
Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance.
placeholder
Gold price surges to $3,500 neighborhood; strong uptrend remains uninterruptedGold price (XAU/USD) builds on the previous day's breakout momentum beyond the $3,400 mark and continues scaling new record highs during the Asian session on Tuesday.
Author  FXStreet
19 hours ago
Gold price (XAU/USD) builds on the previous day's breakout momentum beyond the $3,400 mark and continues scaling new record highs during the Asian session on Tuesday.
placeholder
Japan Selling U.S. Bonds to Defend the Yen? Japanese Yen Surges to 140 as Japan Defies U.S. PressureOn Tuesday, April 22, the U.S. Dollar Index (DXY) struggled below the 99 level, with the dollar-yen exchange rate briefly falling below 140, hitting a low of 139.89—the weakest level in nearly seven months.
Author  TradingKey
16 hours ago
On Tuesday, April 22, the U.S. Dollar Index (DXY) struggled below the 99 level, with the dollar-yen exchange rate briefly falling below 140, hitting a low of 139.89—the weakest level in nearly seven months.
Related Instrument
goTop
quote