Anna 
The EUR/USD pair faced downward pressure during the European session on Tuesday, hovering around 1.0850. The US Dollar (USD) exhibited strength against the Euro (EUR) as risk aversion sentiment improved.
The pair may find immediate support around the nine-day Exponential Moving Average (EMA) at 1.0832. A breach of this level might lead to further downside, testing psychological support at 1.0800, aligned with the previous week’s low at 1.0795. Additional support lies at the significant level of 1.0750 in the event of a sustained decline.
Technical analysis indicates a bullish sentiment for the EUR/USD pair. The 14-day Relative Strength Index (RSI) positions itself above the 50 mark, suggesting favorable conditions. Moreover, the Moving Average Convergence Divergence (MACD) exhibits a divergence above the signal line and resides above the centerline. While a lagging indicator, this supports the notion of sustained bullish momentum for the EUR/USD pair.
On the upside, immediate resistance levels are identified at the 38.2% Fibonacci retracement of 1.0864. A breakthrough at this level could pave the way for the pair to revisit February’s high at 1.0897, in conjunction with the psychological resistance at 1.0900. Traders are advised to closely monitor these levels for potential shifts in market dynamics.
