EUR/USD is trading positively near 1.0937 ahead of German February CPI inflation data release. The pair maintains a positive outlook if it stays above key moving averages, with the RSI indicator indicating bullish momentum above the 50-midline. The next resistance level is expected at 1.0965, while strong support is seen in the 1.0895–1.0955 zone.

During early European trading hours on Tuesday, EUR/USD is gaining momentum below the mid-1.0900s. Investors are awaiting the release of German Consumer Price Index (CPI) data, which is anticipated to show stability at 0.4% MoM and 2.5% YoY for February. The Harmonized Index of Consumer Prices (HICP) is also forecast to remain unchanged at 0.6% MoM and 2.7% YoY. Currently, EUR/USD is trading at 1.0937, reflecting a 0.11% increase for the day.

Analysis of the four-hour chart suggests that EUR/USD maintains a bullish trend, supported by trading above the key 50- and 100-period Exponential Moving Averages (EMA). The Relative Strength Index (RSI) remains bullish above the 50-midline, further supporting the buyers.

The immediate resistance level for EUR/USD is identified at 1.0965, represented by the upper boundary of the Bollinger Band. Further upward movement beyond this level could lead to a rally towards the March 8 high at 1.0981, with a significant barrier at the psychological level of 1.1000 and the January 11 high. On the downside, strong support is expected in the 1.0895–1.0905 region, where the 50-period EMA and the lower limit of the Bollinger Band converge. Additional support levels include the 100-period EMA at 1.0865 and the round mark at 1.0800, followed by the February 22 low.

EUR/USD four-hour chart 


Today last price1.0938
Today Daily Change0.0012
Today Daily Change %0.11
Today daily open1.0926
Daily SMA201.0832
Daily SMA501.0854
Daily SMA1001.0845
Daily SMA2001.0835
Previous Daily High1.0948
Previous Daily Low1.0914
Previous Weekly High1.0981
Previous Weekly Low1.0838
Previous Monthly High1.0898
Previous Monthly Low1.0695
Daily Fibonacci 38.2%1.0927
Daily Fibonacci 61.8%1.0935
Daily Pivot Point S11.0911
Daily Pivot Point S21.0896
Daily Pivot Point S31.0877
Daily Pivot Point R11.0944
Daily Pivot Point R21.0963
Daily Pivot Point R31.0978

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