The EUR/USD pair increased a little after its previous and temporary decline. It has dropped as much as 1.0841 where it has found strong demand. In the short term, it has rebounded and it has recovered after its massive drop. 1.1093 and the downtrend line are seen as upside obstacles.
In the short term, the EUR/USD pair could climb higher towards these obstacles as long as it stays above the minor uptrend line. Still, you have to know that the price could extend its downside movement as long as it's located below the downtrend line.
EUR/USD Trading Conclusion!The EUR/USD pair could activate a deeper drop if it drops and stabilizes below the minor uptrend line. This scenario could also bring new selling opportunities.