EUR/USD remains above the 50-day and 200-day EMAs, sending a bullish signal to the price.

If EUR/USD returns to $1.07, it will support a move towards the $1.07838 resistance.

However, a break below the support at $1.06342 and the 200-day EMA could push the bears towards the 50-day EMA.

The 14-period RSI of 75.45 on the 4-hour chart indicates that EUR/USD is in overbought territory.