FX.co ★ EURUSD ,H4 | React off 1st resistance?

The EUR/USD chart displays a bullish momentum, indicating a prevailing upward trend in the market. There is a possibility of a temporary decline towards the first support level at 1.0949, which functions as a pullback support. Additionally, the second support level at 1.0905 acts as an overlap support, coinciding with the 61.80% Fibonacci Projection and the 78.60% Fibonacci Retracement, creating a Fibonacci confluence.

In terms of resistance, the first level at 1.1002 represents a swing high resistance, while the second level at 1.1084 is identified as a multi-swing high resistance.