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\n Share:<\/span><\/p>\n The EUR\/USD pair<\/a> oscillates in a narrow range during the early European session on Wednesday. The market is likely to trade in a quiet session amid the holiday season in the last week of 2023. The major pair currently trades near 1.1041, down 0.01% on the day.<\/p>\n According to the four-hour chart<\/a>, the positive outlook of EUR\/USD remains intact as the major pair holds above the key 100-hour Exponential Moving Averages (EMA) with an upward slope. Additionally, the 14-day Relative Strength Index (RSI), which is in bullish territory above the 50 midline, supports the bullish momentum.<\/p>\n The upper boundary of the Bollinger Band at 1.1050 acts as an immediate resistance level for EUR\/USD<\/a>. The additional upside filter to watch is a high of August 10 at 1.1065, en route to a high of July 24 at 1.1147.<\/p>\n On the flip side, the initial support level will emerge at the 1.1000 psychological round mark. The critical contention is seen at the 1.0970-1.0980 region, representing the confluence of the lower limit of the Bollinger Band and the 50-hour EMA. Further south, the next downside target is located near the 100-hour EMA at 1.0926 and finally at 1.0888 (Low of December 15).<\/p>\n\n
EUR\/USD four-hour chart<\/strong><\/h2>\n