- EUR/USD was seen circulating around the 1.0900 region after the European session, moving side by side with a neutral momentum.
- Despite the recent strong gains, the couple struggles to expand its height with the increased conditions that increase its peak over the momentum.
The EUR/USD pair was circulated in a neutral tone on Wednesday after the European session, as it hovered around the brand 1.0900, where the market participants retreated a step after his strong gathering. The couple seems to be unified with the bulls near the last levels, and it lacks the strong momentum of payment.
From a technical perspective, the RSI indicator remains in the area of the peak of purchase but began to settle, indicating a stop purchasing pressure. Meanwhile, MACD continues to print green bars, indicating that the general rise in the general trend is still intact. However, the lack of immediate follow -up of buyers indicates that additional gains may not be imminent.
Given the key levels, immediate resistance is found at 1.0930, while a decisive break above this level can open the door about 1.0980. On the negative side, the initial support is located near 1.0850, with a more powerful purchase of purchase around the simple moving average for 200 days (SMA) at 1.0720.