EUR/USD Forecast: Bulls timidly adding, aim for 1.0900

EUR/USD Current price: 1.0789 Better than anticipated, Eurozone Composite PMIs underpin the Euro. The United States calendar will bring a couple of Federal Reserve speakers. EUR/USD is bullish in the near term and poised to run past 1.0811, Friday’s high. A better market mood weighs on the US Dollar’s demand while encouraging Eurozone data underpins the Euro. At the same time, holidays in Japan and the United Kingdom limit intraday activity.

8% YoY and May Sentix Investor Confidence, which improved to -3.6 from -5.9 in April. The United States macroeconomic calendar includes a couple of Federal Reserve speakers and short-term bill auctions. EUR/USD short-term technical outlook From a technical point of view, EUR/USD is bullish. The daily chart shows it further advanced beyond a bearish 20 Simple Moving Average , while a directionless 200 SMA provides dynamic resistance at around 1.0800.

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