The EUR/USD chart currently exhibits a weak bullish momentum with a possibility for a bullish continuation towards the first resistance level at 1.1072, which is a multi-swing-high resistance that coincides with a 78.60% Fibonacci Projection. Furthermore, the second resistance level at 1.1158 is an overlap resistance.
On the downside, the first support level at 1.0683 represents a multi-swing-low support and aligns with a 78.60% Fibonacci Projection while the second support level at 1.0525 is an overlap support that also aligns with a 100% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD chart currently exhibits a weak bullish momentum with a possibility for a bullish continuation towards the first resistance level at 1.1072, which is a multi-swing-high resistance that coincides with a 78.60% Fibonacci Projection. Furthermore, the second resistance level at 1.1158 is an overlap resistance.
On the downside, the first support level at 1.0683 represents a multi-swing-low support and aligns with a 78.60% Fibonacci Projection while the second support level at 1.0525 is an overlap support that also aligns with a 100% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
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