FX.co ★ EURUSD , H4 | Respect the trendline?

The EUR/USD chart shows bullish momentum after breaking above a descending resistance line, indicating a potential upward move. The price has the potential to continue its upward trend towards the first resistance level at 1.0759, a significant multi-swing high resistance. On the downside, there are support levels at 1.0638 and 1.0535, identified as overlap and multi-swing low supports, respectively. Additionally, the second resistance level at 1.0822, which aligns with the 38.20% Fibonacci retracement, holds importance as an overlap resistance.