FX.co ★ EURUSD, H4 | Potential bullish reversal?

The EUR/USD chart exhibits a bullish momentum, supported by being above a major ascending trend line. This suggests potential for further upward movement. Short-term potential exists for a price decline before a rebound. The 1st support at 1.0693 aligns with the 127.20% Fibonacci Extension, amplifying its support significance. The 2nd support at 1.0517, a multi-swing low support, further solidifies its role. A bounce from support could lead to a rise toward the 1st resistance at 1.0933, an overlap resistance. An intermediate support at 1.0767 aligns with the 78.60% Fibonacci Retracement, potentially aiding pullbacks