The EUR/USD chart demonstrates a bullish momentum, indicating an upward trend in the market. There is a potential for a short-term drop towards the first support level at 1.0949, which serves as a pullback support. Additionally, the second support level at 1.0905 is identified as an overlap support, coinciding with the 61.80% Fibonacci Projection and the 78.60% Fibonacci Retracement (Fibonacci confluence).
The EUR/USD chart exhibits a bullish momentum, indicating an upward trend in the market. The momentum is supported by the price being above a major ascending trend line, suggesting the potential for further bullish movement.
The EUR/USD chart currently demonstrates a bullish momentum, indicating an upward trend in the market. The momentum is supported by the price being above a major ascending trend line, suggesting the potential for further bullish movement.
The EUR/USD chart is currently experiencing bullish momentum as it is in a bullish ascending channel. If the momentum continues, there is a possibility that the price could potentially make a bullish break through the 1st resistance and rise to the 2nd resistance level.
The EUR/USD chart is currently bullish, which suggests that we may see further price increases in the near future. At the time of writing, the price is trading around 1.0985.