FX.co ★ EUR/USD H4 | Bullish Rise

The

EUR/USD, there is a potential bullish bounce based on the technical analysis of key support and resistance levels:

Support Levels:

1st support: 1.0799, characterized by "An Overlap support." This level suggests a significant area where buying interest may emerge, potentially leading to a bounce in price.

2nd support: 1.0708, also supported by "An Overlap support." This further reinforces the importance of this support level.

Resistance Levels:

1st resistance: 1.0892, marked as "Multi-swing high resistance." This level signifies a significant barrier to upward movement, where selling pressure may increase.

2nd resistance: 1.0983, characterized by "An Overlap resistance." This level further strengthens the resistance zone, suggesting potential difficulty for prices to move higher