EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA).
Supports are located at 1.0600 (psychological level, static level) before 1.0530 (static level from November).
The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA).
Supports are located at 1.0600 (psychological level, static level) before 1.0530 (static level from November).