EUR/USD Outlook: Bullish Signs and Support Levels

There are two possible scenarios for EUR/USD. The first scenario indicates signs of bottoming, with the potential for the pair to move straight up toward the 1.09 to 1.10 range. The second scenario involves a possible test of support around 1.078 before rebounding back toward the 1.09 to 1.10 area. As long as the price stays above 1.075, the outlook for EUR/USD remains bullish.