• EUR/USD reverses part of the recent decline and retakes 1.0900.
• Further rebound could see the April high near 1.0973 revisited.

EUR/USD leaves behind two consecutive sessions with losses and advances past 1.0900 the figure on Tuesday.

The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0973 (April 4) to put the key 1.1000 mark back on the radar and then challenge the YTD peak at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0356.

EUR/USD daily chart