EUR/USD - Bullish if breaks above 1.0900
EURUSD pair reached a five-month high at 1.0904, before closing at 1.0864, after the German business climate registered a fresh six-year high in March. As of now, the pair is trading with a bullish bias on the 1H chart, indicating at strength in the coming session. Moreover, the MACD indicator is trading in the positive territory, further affirming the above stance. Key resistance is situated at the 1.0875 level, followed by the 1.0890 and 1.0900 levels. A break above the latter might lead to further bullishness in the pair. Meanwhile, important support is seen at the 1.0855 level, followed by the 1.0845 and 1.0840 where EMA 55 is trading. A move back below the latter might trigger bearish momentum in the pair.