EUR/USD stays pressured toward 1.0800 amid fresh US Dollar demand

Immediate resistance lies at the YTD high of 1.0954 (March 18). A firm break above that level would target 1.0969 (the 23.6% Fibonacci retracement) and could pave the way for a test of the psychological 1.1000 barrier.

On the downside, the 200-day Simple Moving Average (SMA) at 1.0728 acts as initial support, followed by the provisional 100-day SMA at 1.0522 and the 55-day SMA at 1.0498. Below these levels are 1.0359 (the February 28 low), 1.0282 (the February 10 low), 1.0209 (the February 3 low), and the 2025 bottom of1.0176 (January 13).

Momentum signals remain somewhat bullish, with the Relative Strength Index (RSI) sitting around 62, and the Average Directional Index (ADX) near 32 indicating a strengthening uptrend.