![]() Furthermore, the pair comfortably consolidates above its moving averages, with the 20 Simple Moving Average (SMA) directionless at around 1.0800. ![]() Technical indicators stand well above their midlines and with modest upward slopes. In the near term and according to the 4-hour chart, bulls seem to retain control. EUR/USD also holds above bullish moving averages, although technical indicators have turned marginally lower within positive levels. The pair keeps trading well above a long-term relevant static support at 1.0745, the 61.8% retracement of the 2022 yearly decline. The EUR/USD pair trades in the 1.0840 price zone, retreating from an intraday peak of 1.0871 and partially losing its positive momentum, according to technical readings in the daily chart.
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