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Forex

EUR/USD Consolidates Above Key Moving Averages

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EUR
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The EUR/USD price remains stable above its 200-day Simple Moving Average (SMA) at 1.1633, maintaining a constructive technical outlook.

After reaching a three-month high of 1.1711 earlier this week, the pair has consolidated around current levels, with momentum indicators showing early signs of cooling.

The Relative Strength Index (RSI) has slipped to the mid-60s, and the Moving Average Convergence Divergence (MACD) histogram has faded, indicating a slight decrease in upside strength.

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