FX.co ★ EUR/USD | Bullish Rise

EUR/USD presents the potential for a continuation of bullish momentum towards the 1st resistance level, as indicated by key support and resistance levels:

Support Levels:

1st support: 1.0891, characterized as "Pullback support." This level suggests a potential area where buyers might step in, preventing further decline.

2nd support: 1.0858, also supported by "Pullback support." It reinforces the support zone, indicating a region of interest for buyers.

Resistance Levels:

1st resistance: 1.0928, identified as "An Overlap resistance." This level represents a significant hurdle for further upward movement.

2nd resistance: 1.0981, also supported by "An Overlap resistance." It further strengthens the resistance zone, suggesting a point where selling pressure may increase.