EUR/USD put efforts to continue its winning streak for the sixth successive session on Tuesday.
EUR/USD could retest the previous week’s high of 1.0876. The resistance zone appears around the 61.8% Fibo level of 1.0883 and the psychological level of 1.0900. The major level of 1.0850 could act as a key support, followed by the nine-day EMA at 1.0833. The pair hovers around 1.0860 during the Asian session.
However, it is still positioned below the centreline. So, the traders are likely to await MACD to offer a clear trend direction. On the downside, the EUR/USD pair could find immediate support at the major level of 1.0850, followed by the nine-day EMA at 1.0833. A break below this level could lead the pair to navigate the region around the psychological level of 1.0800 following the previous week’s low at 1.0724. EUR/USD: Daily Chart EUR/USD Overview Today last price 1.0856 Today Daily Change -0.
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