EURUSD Breaks Support: The Downside Resumption and Potential Scenarios

Breaking news in the Forex market: EURUSD has crashed through the 1.0876 support level. This signifies a resumption of its downward movement, originally from 1.1139.

A fresh resistance level has now formed at 1.0900. Should this line hold firm, we could potentially see a continued decline in the ensuing days. The prime target for this downward course is around the 1.0800 mark, followed closely by the 1.0723 support point.

Yet, the market is always full of surprises. Should EURUSD manage to break through the 1.0900 resistance, we could see the price rebounding towards the 1.0998 resistance point.