Wednesday, March 12, 2025 12:28 PM EDT

Image Source: Unsplash
The EUR/USD pair traded with a neutral tone on Wednesday after the European session, hovering around the 1.0900 mark as market participants took a step back following its strong rally. The pair appears to be consolidating as bulls hesitate near recent highs, lacking strong momentum to push further.
From a technical perspective, the Relative Strength Index (RSI) remains in overbought territory but has started to flatten, signaling a pause in buying pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to print green bars, suggesting that the overall bullish trend remains intact. However, the lack of immediate follow-through from buyers indicates that further gains may not be imminent.
Looking at key levels, immediate resistance is found at 1.0930, while a decisive break above this level could open the door toward 1.0980. On the downside, initial support lies near 1.0850, with stronger buying interest likely around the 200-day Simple Moving Average (SMA) at 1.0720.
EUR/USD daily chart
(Click on image to enlarge)

More By This Author:
Japanese Yen Remains Depressed Against USD; Bears Lack Conviction Amid BoJ Rate Hike Bets US Dollar Extends Losses On Tariff Jitters, CPI Looms Gold Price Climbs Further Beyond $2,900; Reverses Major Part Of Monday's Fall To One-Week Low
Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...
more
Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
less
How did you like this article? Let us know so we can better customize your reading experience.