The EUR/USD currency pair is currently encountering resistance at the 1.0870 level. Traders should keep a close eye on this point, as a breakout above it could pave the way for further gains, potentially pushing the price up to the next resistance level around 1.0930.
On the flip side, initial support can be found at 1.0835. If the price dips below this level, we may see a move back to the next support zone at 1.0805. Should the downward momentum continue and break through this level, the focus would shift to the previous low at 1.0761.