EURUSD technicals
The EURUSD moved higher in early U.S. trading on Friday, breaking decisively above both its 100-hour moving average at 1.1356 and 200-hour moving average at 1.1363. This move marks a clear bullish shift in short-term momentum after several days of consolidation.
Earlier in the week, the pair found consistent support near the 1.1265–1.1270 area, with today’s low holding just above that zone at 1.12735. The rebound from that base helped fuel the latest upside extension.
With price now trading at new highs for the day, attention shifts to the descending trendline near 1.1403, followed by the weekly high at 1.1424. A break above those levels would open the door for further bullish momentum.
On the downside, initial support now comes in at the broken 100- and 200-hour moving averages (1.1352–1.1363). Below that, traders will be eyeing the 1.1328–1.1307 swing area, which previously acted as a strong floor earlier this week and again on Monday.
Key Technical Levels
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Resistance:
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Support:
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1.1351–1.1363 (100/200-hour MAs)
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1.1328 and 1.1307 (swing area)
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1.1265–1.1270 (major base zone)
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