The EUR/USD chart is displaying bearish momentum, indicating a potential drop from the multi-swing high resistance level at 1.0927, coinciding with a 78.60% Fibonacci retracement. The first support level at 1.0830, a multi-swing low support level, could be reached if the price falls. If the price continues to drop, the second support level at 1.0763, an overlap support level, and 38.20% Fibonacci retracement level may come into play.
Conversely, breaking through the first resistance level could lead to a rise towards the second resistance level at 1.1030, a swing high resistance level, and -27% Fibonacci expansion