Technical Analysis of EUR/USD

The EUR/USD prices have significantly dropped in the past few hours and have reached the levels of the ascending trend on the four-hour timeframe. In case of further decline and breaking of these levels at the price of 1.0970 and closing below it, there will be a strong opportunity for selling with targets up to 1.0920 as the first goal. However, if the price remains above these levels, then the possibility of going up and increasing is more likely.