EUR/USD Forecast: Analyzing the Future Outlook

Following the interest rate decision, we observed a pronounced sell-off within the market. This resulted in a decline to the significant monthly support level at 1.0635. In the forthcoming period, our outlook is anchored on the potential for a price resurgence towards the 1.0686 vicinity. The critical juncture will be the price's behavior at this level; if it adheres to resistance, it may lead to a subsequent descent, with the ultimate objective of breaking below the pivotal 1.0635 support level.