- EUR/USD keeps the inconclusive price action around 1.0900.
- Initial contention area emerges at recent lows near 1.0830.
EUR/USD trades in a vacillating fashion and with the upside so far limited by the 1.0900 zone on Friday.
The inability of the pair to regain a convincing upside traction, ideally in the very near term, could motivate sellers to force the pair to revisit recent lows near 1.0830 ahead of the interim support at the 100-day SMA at 1.0826.
Down from here, there are no support levels of significance until the May low of 1.0635 (May 31), which appears also underpinned by the key 200-day SMA, today at 1.0618.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA
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