EURUSD could move closer to the 1.0900 mark

FX:EURUSD   Euro / U.S. Dollar
The EURUSD could move closer to the 1.0900 mark over the course of the week.

EUR/USD saw biggest gain on Tuesday in almost one month (+0.3%).

Nothing in the European or US data suggests a directional shift is imminent or justified.

Technically, EUR/USD is attempting cross above 200-DMA (1.0827). If it overcomes this hurdle, the bounce could extend towards the high achieved so far in February near 1.0900/1.0915.

Right now, there is firm support in the 1.0760/1.0770 zone.

The nearest resistance is at 1.0840/1.0850.

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