• EUR/USD holds positive ground near 1.0920 in Monday’s early European session. 
• The pair keeps the positive vibe above the 100-day EMA, with a bullish RSI momentum indicator. 
• The immediate resistance level emerges at 1.0973; the Initial support level is located at 1.0881. 

The EUR/USD pair trades with mild gains around 1.0920 during the early European session on Monday. The uptick of the major pair is backed by the consolidation of the US Dollar (USD). Investors await the German August ZEW survey on Tuesday for fresh impetus. 

Expectations are expected to arrive at 31.8 versus 41.8 in July, while the current assessment is expected to show -75.0 versus -68.9 prior. The weaker-than-expected data will contribute to a negative outlook in the economy and might keep the European Central Bank (ECB) in easing mode, with a September 12 rate cut fully priced in.

According to the daily chart, the bullish outlook of EUR/USD prevails as the major pair remains well above the key 100-day Exponential Moving Average (EMA). Additionally, the 14-day Relative Strength Index (RSI) holds in bullish territory near 58.60, indicating the potential upside in the near term. 

The first upside barrier emerges near the upper boundary of the Bollinger Band around 1.0973. The crucial resistance level is located at the 1.1000-1.1010 region, portraying the confluence of psychological marks and a high of August 5. If the upswing continues, it may take the pair to 1.0981, a high of March 8.