Ella 
In early Asian trading on Thursday, the euro/dollar rose, hitting the 100-day moving average and recording modest gains near a two-week high. EUR/USD was weighed down by broad dollar weakness ahead of key inflation data from the euro zone and the US as the Federal Reserve turned dovish. In other words, as of press time, EUR/USD is back on the daily high near 1.0932.
In other news: EUR/USD moves higher above 1.0900, with Eurozone and inflation data expected to confirm Fed and ECB moves
The strongest bullish MACD signal in six weeks combined with the aforementioned fundamental catalysts has seen EUR/USD break above 100-day EMA resistance near 1.0930 and head towards 50-day EMA resistance near 1.0972. However, the psychological 1.1000 mark and the June high of 1.1012 beyond may pose challenges for EUR/USD bulls.
If EUR/USD continues to strengthen above 1.1012, another challenge to the key 1.1100 level, which was previously challenged in April and May, cannot be ruled out.
Alternatively, EUR/USD bears may come around if the pair breaks below the resistance line from July 18, which is now immediate support around 1.0880.
However, the 200-day EMA and rising support lines from early January (around 1.0815 and 1.0730, respectively) will be key challenges for bears to conquer.
