EUR/USD is currently above its trendline support and slightly above its 50-day simple moving average of around 1.0925. If the bearish side manages to push the price below this level, we could see a decline to 1.0840, followed by a possible retest of 1.0775.
On the other hand, if the currency pair bounces back from current levels, the initial resistance levels to watch are at 1.1015 and 1.1100. With further strength, we may see a rally towards 1.1175.
On the other hand, if the currency pair bounces back from current levels, the initial resistance levels to watch are at 1.1015 and 1.1100. With further strength, we may see a rally towards 1.1175.
