Anna 
The EUR/USD pair displayed a weaker performance below the mid-1.0900s during the early European session on Thursday, as traders adopted a cautious stance ahead of the release of key US Retail Sales data. Expected to show a month-on-month increase of 0.8% for February, this data holds significance for market sentiment. Furthermore, dovish remarks from ECB policymakers earlier in the week contributed to the Euro’s decline against the US Dollar. Currently, the major pair is hovering near 1.0940, marking a 0.07% decline for the day.
From a technical standpoint, the bullish outlook for the EUR/USD pair remains intact, with the major pair positioned above the crucial 50- and 100-period Exponential Moving Averages (EMA) on the four-hour chart. Additionally, the Relative Strength Index (RSI) indicates bullish momentum, residing above the 50-midline, suggesting favorable prospects for further upside movement.
The immediate resistance level for the major pair is anticipated near the upper boundary of the Bollinger Band at 1.0955, followed by the March 8 high at 1.0981. Beyond these levels, the psychological barrier and the January 11 high at 1.1000 become significant targets, leading towards the December 22 high at 1.1040.
Conversely, key support for the EUR/USD pair is identified at the confluence of the 50-period EMA and the lower limit of the Bollinger Band within the 1.0910–1.0915 range. Further support is found at the 100-period EMA and the round figure at 1.0900. A breach below this level could prompt a decline towards the February 29 high at 1.0855, followed by the February 22 low at 1.0800.
