Resistance Area: Around 1.07000 Distance Calculation:
1. From Support to Resistance Area: 1.07500 - 1.07000 = 50 pips
2. From Current Price to Support: 1.08053 - 1.07500 = 55.3 pips
These distances indicate that if the price breaks below the support at 1.07500, it may drop toward the resistance area (now acting as support) at 1.07000. If the support holds, a bounce back could occur.