Eurusd Confirm Buy

The EUR/USD pair shows no technical progress, maintaining the neutral-to-bullish stance in its daily chart. Sellers remain aligned around the 38.2% retracement of the 1.1139-1.0694 daily slide at 1.0865, while the downside is being protected by buyers standing at around the 23.6% retracement of the same slide at 1.0799. In the daily chart, the pair keeps developing above all its moving averages, although the 20 Simple Moving Average (SMA) is below the longer ones, reflecting the absence of solid buying interest. At the same time, the 100 and 200 SMAs converge in the 1.0830 area, lacking directional strength. Finally, technical indicators have lost their upward slopes and currently consolidate within positive levels.