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.