FX.co ★ EURUSD, Day| Bounce off support level?

The EUR/USD currency pair is currently showing bullish signs, as it stays above the ascending trendline indicating possible upward price movement. There could be a short-term pullback to the first support level at 1.0950, important because of its 'Fibonacci confluence' which consolidates multiple Fibonacci levels to form a strong support. Post the pullback, the price might aim for the intermediate resistance at 1.1063, notable for its 'overlap protection', where historical prices or technical indicators group together, forming a barrier to further price increases. Another significant level is the first resistance at 1.1231, referred to as 'high multi-swing resistance