EUR/USD Price Forecast: Rises above 1.1800 toward nine-day EMA barrier

EUR/USD could find the primary resistance at the nine-day EMA of 1.1836.
The 14-day Relative Strength Index rose to a neutral 53, signaling improving momentum.
The initial support lies at the 50-day EMA of 1.1737.
EUR/USD rebounds after two days of losses, trading around 1.1810 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the pair remains slightly below the ascending channel pattern, suggesting a potential bearish reversal. However, a return to the channel would revive the bullish bias.

The EUR/USD pair holds above the rising 50-day Exponential Moving Average (EMA), while it sits just beneath the nine-day EMA, capping the immediate upside. The short-term average remains above the medium-term, preserving a bullish bias. Trend structure remains underpinned by the upward slope of the 50-day EMA, yet a flattening 9-day EMA curbs gains until reclaimed.