The EUR/USD pair has extended its downside move from 1.1213 to a low of 1.0810. The subsequent bounce from 1.0810 might be a consolidation phase for the ongoing downtrend.
Key resistance is at 1.0880. As long as this level holds, the downside move is likely to resume. A breakdown below 1.0845 could trigger another fall to retest the 1.0810 support. Below this level, the next targets are in the 1.0780 area, followed by the 1.0730 area.
On the upside, a breakout above 1.0880 resistance would indicate that the downside move from 1.1213 has completed at 1.0810. The next targets would then be the 1.0920 area, followed by the 1.1000 area.