What are the current trends in EurUsd technical analysis?

The current trends in EUR/USD technical analysis are as follows: 1. **Short-Term Trends**: The short-term trend for EUR/USD is positive, as indicated by the recent rebound above the 1.1550 level following the disappointing US Non Farm Payrolls data. This suggests that the currency pair has gained bullish momentum in the immediate term. 2. **Long-Term Trends**: The long-term trend for EUR/USD remains neutral to slightly bullish, as indicated by the recent rise in the 100-day moving average to $1.13647 and the 200-day moving average to $1.09425. These long-term moving averages have been trending upward, suggesting a potential for continued upward movement in the currency pair. 3. **Support and Resistance Levels**: The current support level for EUR/USD is around 1.1400, while the resistance level is around 1.1550. The currency pair has recently tested the support level and rebounded, indicating strong buying interest above this level. 4. **Technical Indicators**: The Relative Strength Index (RSI) is trending upward, indicating a shift in momentum in favor of the bulls. The Moving Average Convergence Divergence (MACD) has also crossed into the bullish territory, suggesting potential upward momentum. 5. **Market Sentiment**: Overall market sentiment is positive, with recent news of the Euro Zone committing to purchasing $750 billion of US energy and ramping up defence procurement from American firms. This positive sentiment could further support the bullish trend in EUR/USD. In conclusion, the current trends in EUR/USD technical analysis suggest a short-term positive trend with potential for continued upward movement in the long term. However, it's important to monitor key support and resistance levels and technical indicators for a comprehensive view.