- EUR/USD gained on Friday, after Wednesday’s keen decline, settling near 1.0395.
- The RSI rises sharply to 37, remaining in negative territory and reflecting uncertain attempts at recovery.
- The MACD histogram shows flat red bars, indicating continued bearish pressure, albeit with signs of stabilization.
After falling sharply by over 1% on Wednesday, the EUR/USD rate managed to recover slightly at the end of the week, increasing by 0.28% to reach close to 1.0395 on Friday. Despite this modest improvement, the pair remains below the 20-day plain moving average (SMA), which continues to limit upside potential and maintain a cautious outlook.
Technical indicators suggest that while selling pressure may be easing, the overall sentiment remains tilted to the downside. The relative strength index (RSI) rose to 37, still in negative territory but indicating a gradual decline in bearish momentum. Meanwhile, the moving average divergence (MACD) histogram shows flat red bars, reflecting continued weakness with tentative signs of stabilization.
