EUR/USD lacked directional conviction on Friday, holding above its 200-day simple moving average at 1.0840. To boost sentiment towards the euro, this floor must remain intact, as a breach may lead to a decline towards 1.0770. If weakness persists, all eyes will be on 1.0700 handle.
Conversely, if bulls orchestrate a turnaround and push prices higher, initial resistance stretches from 1.0910 to 1.0930. Sellers are likely to vigorously defend this zone on another retest; however, a successful breakout could pave the way for a rally toward 1.1020.
