FXStreet (Mumbai) - The selling pressure on the EUR/USD pair intensified over the last hours, with the USD bulls snatching back control amid a mixed start to the European markets. EUR/USD breaks below 1.09 to test hourly 50-SMA Currently, the EUR/USD pair trades -0.37% lower at 1.0886, hovering close to fresh session lows reached at 1.0883 last minutes. The main currency pair’s recovery towards daily highs near 1.0935 ran through fresh offers and the prices drifted lower, failing to resist 1.09 handle to hit new session lows. The sentiment towards the US dollar remains favourable, with the European traders still buying the greenback, and therefore extending the post-NFP gains. Moreover, the recovery in the US treasury yields also collaborated to the upside in the buck, weighing negatively on EUR/USD. The benchmark 10-year yields on the T-notes now trades +0.76% at 2.147% versus a drop of -1.74% seen previously, while the 2-year yields recover from a 2% drop, now trading flat at 0.948%. Meanwhile, the major remains pressured on the back of wavering European stocks, with the indices trying hard to extend into the green zone as the slump in the Chinese stocks weigh. Looking ahead, the Sentix investor confidence index from the Euro zone will be watched amid a lack of first-tier data due for release today. EUR/USD Technical Levels In terms of technicals, the pair finds the immediate resistance is seen at 1.0970/78 (daily high/ 100-DMA). A break beyond the last, doors will open for a test of 1.1000 (psychological levels). On the flip side, the immediate support is placed at 1.0865/63 (1h 200-SMA/ 10-DMA), below which 1.0827/22 (1h 100-SMA/ 50-DMA) could be tested. For more information, read our latest forex news.