EUR/USD Buyers Challenge 100-Day SMA Amid Bullish Momentum
The EUR/USD pair is maintaining a mildly bullish near-term tone as it holds above the 50-day Simple Moving Average (SMA) at 1.1474.
However, topside progress is already challenged by the 100-day SMA at 1.1569 and the 200-day SMA at 1.1629, which cap the advance for now.
Momentum remains constructive, with the Relative Strength Index (RSI) around 61 and the Moving Average Convergence Divergence (MACD) line in positive territory, hinting that buyers still have the upper hand while the pair trades above its short-term trend support.