EUR/USD grinds lower around 1.0900, following the first positive daily closing in six. In doing so, the major currency pair fades Monday’s bounce off the lowest levels last seen during May 2020. Even so, the resistance-turned-support line of a two-week-old falling wedge and bullish MACD signals keep EUR/USD buyers hopeful. Though, a clear upside break of the previous support line from mid-February, around 1.0930 by the press time, becomes necessary to convince the pair buyers. Following that, a run-up towards the 200-SMA level near 1.1260 and the 1.1300 round-figure can’t be ruled out. It’s worth noting that ... (full story)