The EUR/USD pair is currently moving sideways in a trading range between 1.0810 and 1.0871. The key resistance is now at 1.0871.
As long as 1.0871 resistance holds, this sideways move could be seen as consolidation for the downtrend from 1.1213. A breakdown below 1.0810 support could trigger a further downside move to the 1.0780 area. Below this level, the next target would be the 1.0730 area.
On the other hand, a breakout above 1.0871 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.