The EUR/USD chart currently has a bullish overall momentum, indicating strength in the Euro relative to the US Dollar. This momentum is supported by the fact that price is within a bullish ascending channel, which is a pattern often associated with upward price movement.
The EUR/USD chart currently exhibits a neutral overall momentum, suggesting a lack of strong directional bias in the near term. Given this neutral stance, there’s a potential scenario where the price may fluctuate between the 1st resistance and 1st support levels.
The EUR/USD chart currently demonstrates an overall bullish momentum. In this context, there is a potential scenario for price to make a bullish continuation towards the 1st resistance should it break above the intermediate resistance.