The EUR/USD currency pair exhibits a bullish momentum, with the price currently positioned above a major ascending trend line, indicating potential further bullish momentum. A potential scenario could be a bullish bounce off the 1st support level at 1.0975, moving towards the 1st resistance level. The 1st support level is significant because it aligns with the 50% Fibonacci retracement and the 78.6% Fibonacci projection, presenting a Fibonacci confluence. The 2nd support level is at 1.0882, which matches the 100% Fibonacci projection and the 61.8% Fibonacci retracement, indicating another Fibonacci confluence.
The EUR/USD chart shows a bullish overall momentum, indicating a potential continuation of the upward movement towards the 1st resistance level. The 1st support level at 1.1088 is considered a pullback support, coinciding with the 38.20% Fibonacci retracement. Additionally, the 2nd support level at 1.1000 acts as another pullback support, aligning with the 61.80% Fibonacci retracement.
The EUR/USD chart currently exhibits a bearish overall momentum, suggesting a potential continuation of the downward movement towards the 1st support level.
The EUR/USD chart currently demonstrates bearish momentum, indicating a potential continuation of the downward movement. There is a possibility for a bearish reaction off the 1st resistance level, leading to a drop towards the 1st support.
The EUR/USD pair is currently exhibiting a bearish momentum. The potential course for the price could be a bearish reaction off the 1st resistance level, leading to a drop towards the 1st support level.