The post Remains capped below 1.0900  amid the overbought condition appeared on BitcoinEthereumNews.com.

EUR/USD weakens to around 1.0830 in Monday’s early European, down 0.15% on the day.  The positive bias of the pair prevails above the 100-day EMA, but the overbought RSI condition might cap its upside.  The immediate resistance level emerges at 1.0900; the first downside target to watch is 1.0712. The EUR/USD pair loses momentum to around 1.0835 during the early European session on Monday. The concerns over a global trade war exert some selling pressure on riskier assets like the Euro (EUR). Investors brace for the German Industrial Production for January and Eurozone Sentix Investor Confidence for fresh impetus.  According to the daily chart, the constructive outlook of EUR/USD remains intact as the major pair holds above the key 100-day Exponential Moving Averages (EMA). However, the 14-day Relative Strength Index (RSI) stands above the midline near 71.30, indicating the overbought RSI condition. This suggests that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. The 1.0900 psychological level acts as an immediate resistance level for the major pair. A decisive break above this level could see a rally to 1.0936, a high of November 5, 2024. The crucial upside barrier emerges at 1.1000, the round figure.  On the flip side, the initial support level is located at 1.0712, the low of November 7, 2024. A breach of this level could expose 1.0544, the 100-day EMA. Further south, the next contention level to watch is 1.0360, the low of February 28.  EUR/USD daily chart Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is…

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Filed under: News - @ March 10, 2025 5:27 am