EUR/USD Forecast: Euro stays below key resistance levels

• EUR/USD fluctuates in a tight range near 1.0900 early Monday.
• Euro could stretch higher in case risk mood continues to improve.
• Key support seems to have formed in the 1.0850-1.0860 area.

EUR/USD managed to edge higher during the Asian trading hours on Monday and stabilized near 1.0900 after closing the previous week in negative territory. In the absence of fundamental drivers, the risk perception could drive the pair’s action in the short term.