The EUR/USD chart currently exhibits bullish momentum, and there’s a potential scenario of a bullish continuation towards the 1st resistance level at 1.0552. This level is considered significant as it aligns with both the 61.80% Fibonacci Retracement and the 78.60% Fibonacci Projection, indicating a potential Fibonacci confluence.
The EUR/USD chart currently shows a bearish momentum, and there is a potential scenario of a bearish continuation towards the 1st support level at 1.0349. This support level is significant as it aligns with the 127.20% Fibonacci Extension, indicating potential support.
The EUR/USD chart currently exhibits bearish momentum, with the potential scenario of a short-term rise towards the 1st resistance level before reversing and moving towards the 1st support.
The EUR/USD chart currently exhibits a bearish overall momentum, primarily due to the following factors: it is trading below the bearish Ichimoku cloud and within a bearish channel, indicating a prevailing bearish trend.
The EUR/USD chart is currently experiencing bearish momentum, with expectations of a potential bullish bounce off the 1st support level at 1.0482. This level, identified as a swing low support, is reinforced by the presence of a 127.20% Fibonacci Extension, providing a solid foundation for the price. There is also a 2nd support level at 1.0367, categorized as a pullback support, which further underpins the price.