EUR/USD Asia Price Forecast: Euro parked below the 1.0900 handle vs. US dollar

 

 

EUR/USD is bouncing from the 1.0800 figure while trading below the main DMA (daily simple moving average) as DXY (US dollar index) is taking a breather on Tuesday. 

 

 

EUR/USD is trading just below the1.0920 resistance near the 100 SMA on the four-hour chart as the quote rebounded from the April’s lows. A bull breakout beyond the above-mentioned level should lead to further gains towards the 1.0970 and 1.1044 price levels while support can emerge near the 1.0885, 1.0839 and 1.0800 levels.