Technical Outlook and Review - Action Forex : vimarsana.com

Technical Outlook and Review - Action Forex

The EUR/USD chart currently reflects a neutral overall momentum, suggesting an absence of a clear directional bias. Given this neutrality, there is a potential for the price to oscillate within the range defined by the 1st resistance at 1.1038 and the 1st support at 1.0959. The 1st support level is notable as an overlap support, with a secondary support at 1.0917 also enhancing its significance. Correspondingly, the 1st resistance at 1.1038 is identified as an overlap resistance. Moreover, an intermediate resistance is noted at 1.1007, distinguished by its alignment as a multi-swing high resistance.

Related Keywords

, Fibonacci Extension , Fibonacci Projection , Relative Strength Index ,

© 2025 Vimarsana