- The EUR/USD is stable around the 1.0930 zone after the European session and shows neutral movement.
- The indicator remains in the territory that was bought, suggesting that the pairs may merge before selecting a clear direction.
- Support is around 1.0850, resistance is nearly 1.1000, and price action lacks strong momentum.
The EUR/USD has been trading steadily on Tuesday after the European session, hovering the 1.0930 area without any clear direction. Following last week's rally, the pair struggled to find new momentum, with buyers and sellers still being cautious.
From a technical standpoint, the relative strength index (RSI) remains in the 73 acquisition area, but shows signs of flattening, reflecting the declining bullish momentum. Meanwhile, the moving average convergence branch (MACD) prints flat green bars and shows the lack of a strong trend conviction. These indicators suggest that the pair can enter the integration phase before making a critical move.
From now on, resistance remained at the 1.1000 mark, serving as a historically important barrier. On the downside, initial support is near 1.0850 and has stronger footing over a 20-day moving average of nearly 1.0800. Breaks below these levels can cause corrective movements, but sustained trading above 1.0900 will keep the broader bullish outlook intact.
