The EUR/USD pair has been under selling pressures since the 30th of October 2015, with the sellers driving the price from as high as 1.1071 to as low as 1.0832.
During the end of the session yesterday, the pair stabilised between the levels of 1.0896 and 1.0832, which signals the presence of buyers. In the event that this creates enough upside bias to push the price to break above the level of 1.0924, the pair could rise up to 1.0951 and 1.0981.
Alternatively, in the scenario where the sellers finally resume their downward activity and force the price to break below 1.0832, the pair could reach 1.0787.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.