FX.co ★ EURUSD H4 | Rising toward 1st resistance?

The EUR/USD chart currently shows bearish momentum below the bearish Ichimoku cloud. In the short term, there might be a rise towards the 1st resistance at 1.0636 before reversing to the 1st support at 1.0486, which is a significant support level. The 1st resistance at 1.0636, acting as pullback resistance and aligned with the 61.80% Fibonacci Retracement, could hinder upward movement. Beyond this level, there's a 2nd resistance at 1.0733, a swing-high resistance, providing further resistance. Additionally, there's an intermediate resistance at 1.0581, known as overlap resistance, and associated with the 38.20% Fibonacci Retracement.