- EUR/USD remains positive for three days in a row.
- Normal RSI conditions, recently weak US dollar favor buyers to challenge strong resistance confluence.
- Sellers will seek entries below the fresh monthly low.
EUR/USD remains on the front-foot while trading around 1.0835 during the early Asian session on Tuesday.
Even if the pair registers a three-day winning streak, it still stays below the near-term key resistance confluence comprising 21-day SMA and a four-week-old falling trend line.
It should, however, be noted that the normal RSI conditions and the US dollar weakness seem to keep the buyers determined to break the 1.0875/80 resistance confluence.
Following that, the mid-month top near 1.0990 and March 27 high close to 1.1150 can lure the bulls.
On the downside, 1.0770 and the monthly low close to 1.0730/25 may entertain sellers during the pair’s pullback.
Though, a clear break below 1.0725 will make the quote vulnerable to drop towards March low around 1.0635.
EUR/USD daily chart
Trend: Further recovery expected
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