The EUR/USD pair is showing mild gains on Monday, climbing to 1.0585 after finding support at the 20-day Simple Moving Average (SMA).
EUR/USD gains mildly on Monday, trading at 1.0585 after rebounding from the 20-day SMA. Pair maintains its position above the 20-day SMA, supporting a constructive short-term outlook. RSI points upward but remains below 50, while MACD prints rising green bars, signaling gradual bullish momentum. The EUR/USD pair is showing mild gains on Monday, climbing to 1.0585 after finding support at the 20-day Simple Moving Average .
The Relative Strength Index is pointing upward but remains below the neutral 50 mark, indicating a cautious recovery. Meanwhile, the Moving Average Convergence Divergence indicator continues to print rising green bars, highlighting building bullish momentum, though a decisive breakout remains elusive. To extend the recovery, EUR/USD needs to clear resistance at 1.0600, which would confirm further upside potential. On the downside, the 20-day SMA near 1.0550 serves as a crucial support level.
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