Forex Market Analysis: Dollar strength weighs on euro and sterling as yen stays mixed

EUR/USD is trading at 1.1370, below the 1.1375 pivot and close to the 20-day and 60-day low at 1.1354. The last five closes have remained below 1.1450, reinforcing the short-term downward structure. The 20-day average at 1.1522 and 50-day average at 1.1536 are well above current price.

The 14-day RSI, a momentum measure, is 24.9, which shows strongly weak momentum and also places the pair in an oversold area. ATR, the average daily trading range, is 0.0053, so a move through nearby levels may still occur within a relatively wide daily range. The pivot at 1.1375 is the first reference for whether selling pressure is easing.

Holding below 1.1375 keeps attention on 1.1358 and the 20-day low at 1.1354. A recovery above 1.1395 would improve the immediate structure, although the pair would still remain below its moving averages.

GBP/USD is at 1.3250, just above the 1.3244 pivot and below the 1.3259 first resistance level. The pair has declined 0.90% over five days and 2.21% over 20 days, while the 20-day low at 1.3210 and 60-day low at 1.3210 remain nearby. This keeps the broader short-term structure weak.

The 14-day RSI is 30.9, indicating weak momentum and a market approaching oversold conditions. ATR is 0.0072, which points to a wider daily range than EUR/USD in price terms. A sustained move above 1.3259 would be an early sign that the recent pressure is losing force, while the moving averages remain overhead.

Failure to hold the pivot area could bring the 1.3214 pivot support and 1.3210 range low back into focus. A move above 1.3290 would provide stronger short-term improvement, but would not yet place price above the 20-day average at 1.3424.

USD/JPY is trading at 157.27, almost exactly around the 157.28 pivot. Price is above the 20-day average at 156.26 and the 20-day low is 152.90, but the pair remains below the 50-day average at 158.50. The last ten closes show a recovery from 155.27 toward 158.81 followed by a pullback, supporting a mixed rather than clearly directional structure.

The 14-day RSI is 50.0, a neutral reading that indicates balanced momentum. ATR is 1.39 yen, so the nearby pivot levels may be crossed during a normal daily range. The first directional signals are likely to come from a sustained move away from the 157.28 pivot.

Holding above 156.71 would keep the pair closer to its recent upper range, while 158.03 and 158.60 are the next resistance references. A move below 156.71 would shift attention toward 155.96 and weaken the current position above the 20-day average.

USD/INR is at 95.97, above the 95.77 pivot and close to the 96.06 first resistance. The pair has risen 0.27% over five days and 0.90% over 20 days, while the 20-day range extends from 94.23 to 96.17. Price also remains above the 20-day average at 95.42, the 50-day average at 95.50, and the 20-day exponential average at 95.63.

The 14-day RSI is 55.2, which indicates mildly positive momentum without reaching an overbought area. ATR is 0.62 rupee, so the distance between the pivot and nearby resistance is relatively narrow compared with a typical daily range. The 95.77 pivot is the main near-term balance level.

Holding above 95.77 keeps 96.06 and the 20-day high at 96.17 in focus. A move below 95.49 would weaken the bullish structure and bring the 95.20 pivot support into view, while the 50-day average at 95.50 remains an important nearby reference.