EUR/USD Price Analysis: Bulls push pair near 1.0900 as bullish momentum strengthens

• EUR/USD trades near the 1.0900 zone after solid gains on Wednesday's session post-European hours.
• Despite mixed signals from momentum indicators, price remains supported by a strong bullish moving average structure.
• Support lies at 1.0841 and 1.0824; upside capped by recent highs near 1.0860.

EUR/USD extended its upward trajectory on Wednesday, rising toward the upper end of its recent range and was last seen near the 1.0900 zone following the European session. The pair posted a solid gain for the day as the market held on to risk-positive sentiment, with technical indicators backing a bullish short-term view despite mixed signals from oscillators.

Daily chart

The technical outlook remains constructive overall. The Relative Strength Index (RSI) sits at 60.50, neutral but rising. The Moving Average Convergence Divergence (MACD) flashes a sell signal, while the Williams Percent Range (WPR) at -45.00 and Awesome Oscillator near 0.01 remain neutral, highlighting a lack of conviction in momentum despite rising price action.

However, the structure of the moving averages supports a bullish view. The 20-day Simple Moving Average (SMA) at 1.0841, the 100-day at 1.0521, and the 200-day at 1.0731 are all aligned to the upside. Additionally, the 10-day EMA and 10-day SMA, both around the 1.0810-1.0820 zone, further reinforce the upward bias.

On the downside, immediate support levels are noted at 1.0841, 1.0840, and 1.0824. Resistance, meanwhile, is concentrated near the 1.0861 area, where the top of the daily range may limit further advances unless momentum picks up.