FX.co ★ EURUSD, H4 | Bounce off Support?

The EUR/USD pair is trending bullish, possibly moving from the 1st support at 1.0975, a significant pullback support level aligned with the 61.80% Fibonacci retracement, to the 1st resistance at 1.1040. The 2nd support level at 1.0920, aligned with the 78.60% Fibonacci retracement, could halt further price drop. If the price exceeds the 1st resistance, it may encounter resistance at 1.1146, offering both growth and hedging opportunities.