The EUR/USD chart is presently demonstrating bearish momentum, with the expectation of a potential bearish continuation heading towards the 1st support. The 1st support at 1.0542 is noteworthy, acting as a swing low support with both a 161.80% Fibonacci Extension and a 100% Fibonacci Projection, exhibiting Fibonacci confluence. The 2nd support is identified at 1.0524 and is distinguished as another crucial swing low support.
The EUR/USD chart is currently displaying a bullish momentum. There’s a potential scenario where the price may make a bullish bounce from the 1st support level at 1.0572 and move towards the 1st resistance at 1.0630. This 1st support level is especially significant due to its characterization as a multi-swing low support and the confluence of the 161.80% Fibonacci Extension and 78.60% Fibonacci Projection. The 2nd support at 1.0549 is marked by the 100% Fibonacci Projection.
The EUR/USD chart is currently exhibiting a bullish overall momentum. In this context, there is a potential scenario where the price may experience a short-term drop towards the 1st support level at 1.0512 before potentially bouncing from this level and rising towards the 1st resistance at 1.0765.
The EUR/USD chart currently exhibits a bearish overall momentum, and several factors contribute to this bearish sentiment. Price is notably below the bearish Ichimoku cloud, indicating a strong bearish bias. In this context, there is a potential scenario where the price could continue its bearish movement towards the 1st support level.
The EUR/USD chart currently maintains a bearish overall momentum, with several factors contributing to its downward trajectory. One key factor influencing this bearish sentiment is the price’s position below the bearish Ichimoku cloud, indicating the presence of bearish market conditions.