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The EUR/USD chart suggests a bullish outlook, with potential for a bullish rebound at the pivot level, leading towards the 1st resistance. The pivot at 1.0897 serves as significant pullback support, indicating a possible area where buyers might intervene for a bullish bounce. Additionally, the 1st support at 1.0800, accompanied by the 61.80% Fibonacci Retracement, further reinforces this support level.
The EUR/USD chart indicates a bearish momentum, suggesting a potential bearish reaction near the pivot level, followed by a decline towards the 1st support.
The EUR/USD chart currently exhibits bullish momentum, although short-term price action suggests a potential drop to the 1st support before rebounding towards the 1st resistance.