Technical outlook:
EURUSD dropped through fresh swing lows around 1.0760 mark on Thursday before finding support. Bids came in quickly pushing prices through 1.0820-30 mark intraday around close. The single currency pair is seen to be trading acound 1.0800 mark at this point in writing and is expected to continue higher keeping lows around 1.0760 intact.
EURUSD produced a potential thrust wave to mark fresh low at 1.0760, which was accompanied by a strong bullish divergence on the daily RSI (not shown here). It is an indication of potential trend reversal as bulls prepare to come back in control. Immediate price resistance is seen around 1.0930 followed by 1.1200 while interim support comes in around 1.0760 respectively.
EURUSD needs to break above 1.1200 levels to confirm a meaningful bottom in place at 1.0760 mark. Prices would also break the immediate trend line resistance and push through the buy zone going further. It remains to be seen if bulls are able to manage a break today or in the next few trading sessions.
Trading plan:
Potential rally through 1.1200 and 1.1500 against 1.0700
Good luck!
