Euro eases slightly near 1.0900 but maintains bullish bias – Crypto News – Crypto News
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Falls toward 1.0800 after breaking below nine-day EMA Falls toward 1.0800 after breaking below nine-day EMA

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Euro eases slightly near 1.0900 but maintains bullish bias – Crypto News

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2 months ago

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  • EUR/USD was seen around the 1.0900 area on Monday, retreating after testing higher ground earlier in the session.
  • The broader trend remains constructive, with key moving averages supporting the bullish outlook despite short-term hesitation.
  • Technical support rests near the 1.0880–1.0860 zone, while resistance awaits at 1.0996.

The EUR/USD pair edged lower on Monday, slipping toward the 1.0900 zone after earlier testing the upper boundary of its daily range near 1.1050. Despite the intraday pullback, the pair holds onto a bullish structure supported by higher moving averages. The session unfolded after the European close, with indicators offering mixed short-term signals.

Daily chart

Momentum readings suggest caution in the near term. The Moving Average Convergence Divergence (MACD) prints a sell signal, hinting at waning upward momentum. Meanwhile, the Relative Strength Index (RSI) sits at 57.85, maintaining a neutral tone. Both the Commodity Channel Index (CCI) at 92.64 and Bull Bear Power at 0.02 also remain flat, reflecting indecision.

Still, the overall technical setup favors buyers. The 10-day Exponential Moving Average (EMA) at 1.0881 and 10-day Simple Moving Average (SMA) at 1.0853 offer short-term support, while the 20-day SMA at 1.08647 continues to slope higher. Longer-term gauges, including the 100-day SMA at 1.0533 and 200-day SMA at 1.0735, underline a firmly bullish trend.

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