FX.co ★ EURUSD, H4 | Continue to 1st resistance?

The current EUR/USD chart reflects a bullish momentum, indicating a prevailing upward trend. This momentum suggests the potential for the price to continue its upward movement towards the 1st resistance level at 1.0942. The 1st support at 1.0874 is significant due to its alignment with a 38.20% Fibonacci retracement, which adds to its potential as a support level. Similarly, the 2nd support at 1.0836 is identified as a multi-swing low support, further reinforcing its role as a potential area of support. On the other hand, the 1st resistance level at 1.0942 is notable as an overlap resistance, while the 2nd resistance at 1.0992 aligns with a 61.80% Fibonacci retracement, suggesting its significance in potential resistance levels.