The EUR/USD chart is presently demonstrating bearish momentum, with the expectation of a potential bearish continuation heading towards the 1st support. The 1st support at 1.0542 is noteworthy, acting as a swing low support with both a 161.80% Fibonacci Extension and a 100% Fibonacci Projection, exhibiting Fibonacci confluence. The 2nd support is identified at 1.0524 and is distinguished as another crucial swing low support.