• EUR/USD hovers around the 50-day EMA at 1.1682.
• The 14-day RSI at 42.6 signals weakening momentum with a neutral-to-bearish bias.
• The initial resistance lies at the nine-day EMA of 1.1711.

EUR/USD remains steady after four days of losses, trading around 1.1680 during the Asian hours on Thursday. On the daily chart, the 14-day Relative Strength Index (RSI) at 42.6 (neutral-bearish) indicates weakening momentum after slipping below the 50 midline. RSI staying sub-50 would keep bears engaged and limit recovery attempts.

The EUR/USD pair is currently positioned below the nine-day Exponential Moving Average (EMA) and marginally below the 50-day EMA, underscoring fading upside momentum. The medium-term average edges higher but is flattening, while the short-term average has rolled over, keeping a near-term cap in place.

The EUR/USD pair remains vulnerable while it holds under the declining nine-day EMA. Sustained weakness beneath the short-term average could keep risks skewed to the downside. A close below the 50-day EMA at 1.1682 would weaken the medium-term price momentum and put downward pressure on the pair to test the monthly low of 1.1589, set on December 1.

On the upside, a rebound above the nine-day EMA at 1.1711 would revive the momentum and support the EUR/USD pair to target the three-month high of 1.1808, which was recorded on December 24. Further advances would improve the short-term momentum and open the doors toward the 1.1918, the highest level since June 2021.

(The technical analysis of this story was written with the help of an AI tool.)