The EUR/USD chart is currently experiencing bearish momentum, with expectations of a potential bullish bounce off the 1st support level at 1.0482. This level, identified as a swing low support, is reinforced by the presence of a 127.20% Fibonacci Extension, providing a solid foundation for the price. There is also a 2nd support level at 1.0367, categorized as a pullback support, which further underpins the price.