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2025-09-18 18:14:15
[Technical Analysis of EUR/USD] From the daily chart, the current Bollinger Band is at 1.1699, the upper band is at 1.1833, and the lower band is at 1.1565. The exchange rate has crossed the upper band and is digesting it horizontally with shrinking volume above it, forming a short-term "rising along the upper band" pattern, indicating that the upward trend continues and volatility expands simultaneously. At the indicator level, MACD shows DIFF=0.0044, DEA=0.0030, and the histogram is approximately +0.0030. The "golden cross" above the zero axis continues, but the bar has not yet expanded significantly, and the momentum has improved but not overheated. The RSI (14) is near 61.45, in the bullish market sentiment band of the 50-70 range, and has not yet reached the overbought threshold. Combining the candlestick's real body and upper shadow, the current pattern suggests a pullback followed by consolidation after a breakout. A pullback to the upper Bollinger Bands of 1.1833 and 1.1860 would signal a reversal of resistance-turned-support and support-turned-resistance patterns. A dip back within the band would provide initial support at the middle Bollinger Band of 1.1699, with further support below at 1.1565 and the previous low of 1.1391. Overall, the trend remains in an upward trajectory, but caution is advised in the short term regarding the potential for false breakouts and true pullbacks.
