The EURUSD has successfully breached the 1.0910 resistance level. This intriguing shift signifies an end to the former downtrend, which saw a slide from 1.1139 to 1.0821.
The upcoming days are set to bear witness to further rallying. The immediate milestone ahead lies at the 1.0998 resistance level. Overcoming this hurdle has the potential to propel us towards our aim in the 1.1070 vicinity.
However, there’s always another side to the coin. As is always essential to note, the support level currently sits at 1.0821. Any faithful observation of market trends must take into account the potential for a decline. A tumble below this support could trigger another fall, possibly taking us back to the previously encountered low of 1.0723.