EUR/USD Price Shows Mixed Monthly Results, Bearish Daily Trend
The EUR/USD price has shown mixed results on its monthly chart, but remains bearish on the daily chart. On the monthly chart, EUR/USD is trading above both the 50-period Simple Moving Average (SMA) at 1.1008 and the 100-period SMA at 1.1200, but below the 200-period SMA near 1.1838.
The Relative Strength Index (RSI) is hovering around the neutral 50 level, while the Moving Average Convergence Divergence (MACD) has slipped into negative territory, indicating that upward momentum has weakened in the broader structure.
On the daily chart, EUR/USD is trading well below the 50-day, 100-day, and 200-day SMAs clustered between 1.1521 and 1.1614. The RSI has fallen into oversold territory near 23, while the MACD remains below zero, indicating that selling pressure remains dominant.