The EUR/USD pair is continuing its upward trend after bouncing back from Wednesday’s low of $1.065. If the pair stays above this level on a daily chart closing basis, we can expect to see further gains, with the next target being last week’s high of $1.0753.
However, if the pair fails to surpass the $1.0753 mark, there is a possibility of a downward movement, although this scenario seems less likely in the short-term compared to the potential for upward pressure. Traders should keep a close eye on these key levels to determine the direction of the EUR/USD pair in the coming days.