- EUR/USD inched lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA.
- The RSI increases to 45, suggesting improving momentum but still pointing to a cautious outlook.
- The MACD is showing flat green bars, indicating that bearish pressure is weakening, but there is no clear bullish change.
The EUR/USD rate managed to climb towards the 1.0370-1.0390 area at the beginning of the year, continuing its delicate attempt to rebound from recent losses. Despite this rally, the pair has repeatedly struggled to decisively break above the 20-day plain moving average (SMA) since early 2025, reinforcing the belief that sellers can continue to dictate near-term direction.
Technical readings are mixed. While the Relative Strength Index (RSI) has recently improved to 45, suggesting a moderate escalate in buying interest, it remains negative, indicating that buyers are not yet in full control. Meanwhile, the moving average convergence divergence (MACD) histogram shows flat green bars, which means that the bearish momentum is weakening but has not given way to sustained growth.
Looking ahead, a solid move above the 20-day SMA would be necessary to provide a more compelling recovery and open the door to further gains. Otherwise, the pair remains vulnerable to renewed selling pressure, keeping its recent rebound at cautious levels.
