EUR/USD Stable above 1.0900 Amid Varied Signals

EUR/USD faced consecutive losses but found stability above 1.0900 amidst varied cues. Germany's improved IFO Business Climate Index, though slightly underwhelming, had little impact on the Euro's value. European Central Bank's Pierre Wunsch cautioned against optimistic rate cut expectations, potentially hinting at future tightening. As S&P Global readies to release US Manufacturing and Services PMI, thin Black Friday trading might curb significant pair movements before the weekend. Soft US PMI data could challenge the USD's resilience in the session.

On Friday, the EUR/USD moving higher as the US market half day closed due to holiday. Currently the price is moving just below the upper band of the Bollinger Bands with a potential of moving lower to reach the middle band. The Relative Strength Index (RSI) stay at 59 which reflects a neutral position for the currency pair.

Resistance: 1.0956, 1.1004
Support: 1.0885, 1.0832