EUR/USD is consolidating around the 1.0800 level following the European trading session, remaining within Tuesday’s intraday range. Technical indicators present a mixed outlook, with short-term bearish pressures counteracted by longer-term bullish trend support. Key support levels are identified at 1.0777 and 1.0730, while resistance is anticipated in the 1.0810-1.0815 region. The pair experienced a slight decline during Tuesday’s session, settling near 1.0800. This marginal decrease has not breached the established daily range, as market participants evaluate conflicting technical signals. Overall price action remains neutral, with short-term weakness contrasting with underlying bullish structural support. Daily chart technical indicators offer no definitive directional bias. The Relative Strength Index (RSI) registers a neutral reading of 56, while the Moving Average Convergence Divergence (MACD) exhibits a marginally bearish inclination, suggesting limited upward momentum. The Bull Bear Power indicator is near zero, and the Average Directional Index (ADX) at 25.7 indicates a non-trending market. These divergent signals reflect the current sideways trading pattern of the pair.
