EUR/USD continues to lose ground, trading around 1.0860 during the Asian hours on Friday.
EUR/USD could retest the upper boundary aligned with the psychological level of 1.0900. The momentum indicator MACD suggests a bullish sentiment for the pair. The potential support appears at the nine-day EMA at 1.0818. From a technical perspective on a daily chart, analysis indicates a sideways trend for the pair as it continues to lie within the symmetrical triangle. A surpassing of the upper boundary could shift the momentum toward a bullish bias.
Conversely, downside potential for the EUR/USD pair suggests initial support near the significant level of 1.0850, with further support expected around the nine-day Exponential Moving Average at 1.0818. A breach below the latter could prompt movement toward the lower boundary of the symmetrical triangle, aligning with the psychological threshold of 1.0700. Additional support levels might come into play around April’s low at 1.0601. EUR/USD: Daily Chart EUR/USD Overview Today last price 1.
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