EUR/USD’s momentum is currently bearish. As a consequence, we might observe a bearish reaction off the 1st resistance, causing a price drop towards the 1st support.
The EUR/USD chart currently exhibits a weak bullish momentum with low confidence, suggesting a potential upward movement in the market. However, caution is advised due to the lack of strong conviction in the bullish trend.
The EUR/USD chart currently exhibits a neutral momentum, indicating a lack of clear direction in the market. There is a possibility of price fluctuating between the 1st support level at 1.0847, which is an ov
The EUR/USD chart currently demonstrates a bearish momentum, indicating a downward trend in the market. There is a potential for a bearish continuation towards the 1st support level at 1.0847, which is identified as an overlap support. Additionally, the 2nd support level at 1.0789 acts as an overlap support, coinciding with the 61.80% Fibonacci Retracement and the -27% Fibonacci Expansion, indicating Fibonacci confluence.