EUR/USD consolidated near the 1.0900 level following a modest decline in Tuesday’s post-European session. Technical indicators present a mixed outlook. While the Relative Strength Index (RSI) remains neutral and the Moving Average Convergence Divergence (MACD) indicates a sell signal, key moving averages continue to suggest underlying bullish support. Immediate support is identified near 1.0888, with resistance forming just below the 1.1000 mark. Despite intraday fluctuations between approximately 1.0887 and 1.0990, the pair maintains a cautiously optimistic technical posture, supported by upward-trending 20-day, 100-day, and 200-day Simple Moving Averages (SMAs) at 1.08646, 1.05377, and 1.07364, respectively. Short-term bullish signals are also evident from the 10-day Exponential Moving Average (EMA) and 10-day SMA, positioned around 1.08880 and 1.08662.
