EUR/USD update and analysis

After the most recent whipsaw, the EUR/USD remains unsteady near 1.0600 as it declines from an intraday high early on Tuesday morning in Europe. The US Dollar's recent zigzag amid conflicting worries and a light schedule may be responsible for the major currency pair's recent movements.
For the EUR/USD selling, a daily closing below the 10-DMA, which is currently around 1.0585 at press time, is required. In contrast, the pair's short-term upside is protected by the prior support line from November 30, which is located near 1.0655. Nevertheless, a corrective move that fails to cross the prior support level, coupled with sluggish RSI and negative MACD indications, gives bears reason for optimism.