Forex Market Analysis: Dollar pairs stay firm as euro and sterling remain below key averages

EUR/USD is trading at 1.1241, just above the daily pivot at 1.1232. The pair remains below its 20-day average at 1.1420, 50-day average at 1.1522 and 20-day exponential average at 1.1388. The 20-day change is -3.32%, although the latest session recorded a 0.21% gain.

The 14-day RSI, a momentum indicator, is 21.79, which reflects deeply weak momentum and leaves room for a technical rebound if price stabilises. The nearest upside levels are the pivot resistance at 1.1261 and 1.1304. On the downside, attention is on 1.1188 and the 20-day low at 1.1162.

The average true range, or ATR, is 0.0065, showing that daily movement remains material relative to the current price. A sustained move above 1.1261 could ease immediate pressure, while failure to hold 1.1232 would keep the lower range levels in focus.

GBP/USD is at 1.3255, above the daily pivot at 1.3236 after a 0.27% daily increase. Despite a modest 0.17% gain over five days, the pair is down 2.14% over 20 days and remains below the 20-day average at 1.3338, the 50-day average at 1.3452 and the 20-day exponential average at 1.3319.

RSI, the 14-day momentum indicator, is 39.52, indicating weak-to-neutral momentum rather than the deeply oversold reading seen in EUR/USD. Initial resistance sits at 1.3270, followed by 1.3321. Support is placed at the pivot near 1.3236 and pivot support at 1.3185, close to the 20-day low of 1.3182.

ATR is 0.0073, so daily swings can remain relatively broad. Holding above 1.3236 would preserve the short-term recovery attempt, but the wider structure remains cautious while price stays below 1.3319 and 1.3338.

USD/JPY is trading at 158.40, above the daily pivot at 157.99 and both the 20-day average at 156.70 and 50-day average at 157.81. The pair has gained 0.63% over five days and 3.21% over 20 days, supporting a firmer medium-term structure.

RSI is 56.74, which indicates positive but not extreme momentum. Price is above pivot resistance at 158.20 and near the next level at 158.44. The 20-day high at 159.00 is the major nearby range reference. Below price, support is at 157.99 and 157.75.

ATR is 1.21 yen, highlighting the potential for sizeable daily fluctuations. A hold above the pivot would keep the upper range in focus, while a move back below 157.99 would suggest that momentum is losing strength and bring lower support levels into view.

USD/INR is at 96.42, above the daily pivot at 96.34 and just below the 20-day high at 96.44. The pair has risen 0.38% over five days and 1.68% over 20 days, while price remains above the 20-day average at 95.90, the 50-day average at 95.49 and the 20-day exponential average at 95.91.

RSI is 60.14, showing positive momentum without reaching an extreme reading. The nearest upside reference is 96.44, followed by 96.53. On the downside, the pivot at 96.34 and pivot support at 96.25 are the first levels to monitor.

ATR is 0.44 rupee, indicating that normal daily movement can still be meaningful around the current range high. Holding above 96.34 would keep the firm structure intact, while a move below that level could bring the nearby support zone into focus.