After testing the crucial support level at 1.0761, EUR/USD has successfully held its ground and failed to break below this point. This resilience suggests that the recent downward trend from the peak of 1.1213 may have come to an end at 1.0761.
In a positive turn, EUR/USD has also broken above the resistance level of 1.0839. This breakout could signal a potential rally in the coming days, with the next target set at 1.0870. If the price continues to gain momentum and breaks above this level, we could see further upside movement, potentially reaching the next resistance around 1.0930.
On the flip side, initial support is now positioned at 1.0810. A drop below this level could lead to a retest of the previous low support at 1.0760. Should the price fall further, we might be looking at a target in the 1.0730 area.