EURUSD short-term technical outlook

EURUSD slightly recovered from the early losses and moved back to 1.0790 after the pair found support buyers near a lower channel trend line. For today, 1.0750/60 remains the key support area to watch. On the upper side, we can expect a short-term bounce towards the top of the trendline if the pair regains upside momentum. For further, the below chart reveals a few key levels which act as the areas of supply and demand.