EURUSD – slight bullish bias above key supports

EURUSD remains constructive above important Fibo support at 1.0875 (38.2% of 1.0448/1.1139 rally) after few probes below were contained by 200DMA (1.0844) and a triple failure to register daily close below 1.0875.

However, slight positive bias is still fragile as 14-d momentum stays in the negative territory and the price needs close above 10DMA (1.0920) to sideline downside risk and open way for stronger recovery towards 20DMA (1.0957) and key near-term barrier at 1.10 (double-top / psychological).

Rising daily cloud (top of the cloud lays at 1.0851) reinforces supports and adds to upside prospects.

Res: 1.0920; 1.0957; 1.0976; 1.1000
Sup: 1.0875; 1.0844; 1.0817; 1.0793