The EUR/USD chart is currently displaying a bullish momentum. There’s a potential scenario where the price may make a bullish bounce from the 1st support level at 1.0572 and move towards the 1st resistance at 1.0630. This 1st support level is especially significant due to its characterization as a multi-swing low support and the confluence of the 161.80% Fibonacci Extension and 78.60% Fibonacci Projection. The 2nd support at 1.0549 is marked by the 100% Fibonacci Projection.