Ella 
EUR/USD is hovering above the 1.0800 psychological mark in Asia on Monday. EUR/USD came under upward pressure after European Central Bank (ECB) policymakers defended their hawkish stance at the Jackson Hole seminar.
European Central Bank President Christine Lagarde stressed the need to keep interest rates at a sufficiently restrictive level for a long time to ensure that the medium-term inflation target of 2% can be achieved quickly.
EUR/USD is likely to meet immediate support at last week’s low around 1.0765, followed by psychological 1.0750.
On the upside, the nine-day EMA at 1.0847 appears to be the key resistance. Above this level, EUR/USD will test the area around the 14-day EMA at 1.0874, then the psychological level of 1.0900.
The 14-day relative strength indicator remains below 50, suggesting EUR/USD traders are leaning bearish. The MACD indicator is below its mid-line and showing divergence below its signal line, suggesting weak near-term momentum for EUR/USD.
