EUR/USD Price Analysis: Remains consolidative below 1.0900

  • EUR/USD comes under pressure but remains bolstered by 1.0800.
  • Next on the upside emerges the key barrier at 1.0900 the figure.

EUR/USD fades the initial test of the 1.0860 region and returns to the negative territory on Friday.

Extra range bound mood looks likely for the time being, while the surpass of the so far YTD top at 1.0887 (January 18) should rapidly allow a move to the round level at 1.0900.

While above the short-term support line near 1.0620, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0307.

EUR/USD daily chart


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