The EUR/USD chart currently reflects a neutral overall momentum, suggesting an absence of a clear directional bias. Given this neutrality, there is a potential for the price to oscillate within the range defined by the 1st resistance at 1.1038 and the 1st support at 1.0959. The 1st support level is notable as an overlap support, with a secondary support at 1.0917 also enhancing its significance. Correspondingly, the 1st resistance at 1.1038 is identified as an overlap resistance. Moreover, an intermediate resistance is noted at 1.1007, distinguished by its alignment as a multi-swing high resistance.
The EUR/USD chart is currently indicating a neutral overall momentum, lacking a clear directional trend. In this situation, the price of the EUR/USD currency pair has the potential to fluctuate between the 1st resistance and the 1st support level.
The EUR/USD pair is currently showing a bullish trend. However, in the short term, we could potentially see a drop towards the 1st support level at 1.0918. This support level acts as an overlap support which may hold the price.
The EUR/USD instrument is currently indicating a bearish trend, which suggests a potential bearish continuation towards the 1st support level at 1.0964. This support level holds significance due to its role as an overlap support.
The EUR/USD pair is displaying a bullish trend, with the potential to make a bullish bounce off the 1st support level at 1.0975 and move towards the 1st resistance level at 1.1040. The 1st support level is significant due to its role as a pullback support and its alignment with the 61.80% Fibonacci retracement level.