The EUR/USD stalls at the 1.0900

The Euro versus the Dollar had a good rally today and it accelerated its bullish momentum after breaking above the 1.0800 level. After the pair visited the 1.0900 level, it stalled its rally and it is currently trying to bounce to the down side. None the less, we can see that the bullish momentum is still in place and another visit to the 1.0900 level raises the probabilities of the pair breaking that level to the upside. If the price does break that level of the 1.0900 to the upside, then a visit to the 200 exponential moving average on the 4 hour chart (blue line) is possible, around the 1.0960 level where it could find some resistance before getting to the 1.1000 level. But the Euro will need to get a boost from a weaker than expected Nonfarm Payrolls for tomorrow, because if the reading comes out better than expected, then the Euro will have a difficult time heading higher.