The EUR/USD chart currently shows a bearish momentum, indicating a downward bias in the market. There is a possibility for the price to continue its bearish movement towards the 1st support level at 1.08471, which is considered an overlap support.
The EUR/USD chart currently shows a bearish momentum, indicating a downward bias in the market. There is a possibility for the price to continue its bearish movement towards the 1st support level at 1.0911, which is considered a pullback support and coincides with the 50% Fibonacci Retracement.
The EUR/USD chart indicates a bullish momentum, suggesting the potential for further upward movement. There is a possibility of a bullish continuation towards the 1st resistance level at 1.1000, which is characterized as a swing high resistance. Additionally, the 2nd resistance level at 1.1079 acts as a multi-swing high resistance, further reinforcing its significance.
The DXY (US Dollar Index) chart demonstrates a bearish momentum, indicated by the price being below a major descending trend line, suggesting the potential for continued downward movement.
The EUR/USD chart demonstrates a bullish momentum as the price remains above the bullish Ichimoku cloud and a major ascending trend line, indicating further potential for upward movement. There is a possibility of a break off the 1st support at 1.0949 followed by a bounce off the 2nd support at 1.0905 to continue the bullish momentum. The 1st resistance at 1.1000, characterised by a multi-swing high resistance and Fibonacci confluence with the 78.60% Fibonacci Retracement and 61.80% Fibonacci Projection, and the 2nd resistance at 1.1084, acting as another multi-swing high resistance, further reinforce the potential bullish scenario.