FX.co ★ EUR/USD analysis for August 07, 2023 - Key pivot at the price of 1.0960 on the test

Technical analysis:

EUR/USD has been trading downside this morning but I found key pivot at 1.0961. Price action around key pivot level will be very important for the further development.

In case of the rejection of the support at 1.0963, I see potential for the rally towards 1.0008 and 1.1035

In case of the downside breakout of the pivot support at 1.0960 I see potential for the further drop towards 1.0920