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2025-09-16 16:51:47
[EUR/USD Technical Analysis] The daily chart shows the middle Bollinger Band at 1.1685, the upper Bollinger Band at 1.1780, and the lower Bollinger Band at 1.1591. The current price of 1.1792 is already above and slightly above the upper Bollinger Band. If it breaks through further, it will point to the psychological round number barrier of 1.1829 and 1.1900, the upper band high. The candlestick chart has recently shown a push-up structure within the rising channel, and retracements have mostly recovered momentum near the middle Bollinger Band. MACD shows DIFF 0.0030, DEA 0.0021, and the bar at 0.0018, all standing above the zero axis and weakly expanding. The momentum is positive but not overheated. If the bar cannot continue to expand, there is a risk of blunting the short-term momentum. RSI (14) is at 60.4884, in a moderately bullish range and not yet overbought. Structurally, the two lows of 1.1405 and 1.1391 form a key medium-term support band, while above that lies a dense resistance cluster between 1.1800 and 1.1829. The combined indicators suggest the trend remains upward, with dense resistance along the upper edge. In the short term, a successful breakthrough will rely more on fundamental catalysts.
