FX.co ★ EUR/USD Day | FRising toward resistance

The EUR/USD chart is currently showing the potential for a bullish continuation towards the 1st resistance level.

Support Levels:

The 1st support level at 1.08830 is identified as "An Overlap support" and is further reinforced by the presence of the 61.80% Fibonacci Retracement. This level signifies a significant area where buying interest may emerge, potentially providing strong support for the currency pair. Additionally, the 2nd support level at 1.07490 is characterized as "An Overlap support," indicating its role in supporting price movements.

Resistance Levels:

The 1st resistance level at 1.1101 is labeled as "Swing high resistance," representing a notable barrier to further upward price movement.