FX.co ★ EURUSD H4 | Bouncing off support level?

The EUR/USD chart displays bullish momentum, potentially bouncing off the 1st support at 1.0663, which is an overlap support with historical buying interest, supported by the 38.20% Fibonacci Retracement. The 2nd support at 1.0606 aligns with the 61.80% Fibonacci Retracement, adding to its support status. On the resistance side, the 1st resistance at 1.0758 is a multi-swing high resistance where selling pressure might emerge. Intermediate resistance at 1.0715 signifies another potential area for price resistance during its bullish move. This analysis points to a bullish bias, with well-defined support and resistance levels