• EUR/USD alternates gains with losses below the 1.0900 mark.
• The 2-month support line near 1.0650 holds the downside so far.

EUR/USD’s daily advance falters just ahead of the key 1.0900 barrier on turnaround Tuesday.

The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0926 (January 23) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure in the not-so-distant future

In the meantime, while above the short-term support line near 1.0650, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0308.

EUR/USD daily chart