The EUR/USD is showing a bullish trend, with indications of further upward potential. A bullish rebound might occur at the 1st support level of 1.0797, potentially pushing the price towards the 1st resistance at 1.1043. The 1st support acts as a pullback foundation, while the 2nd support at 1.0621 is significant as a swing low. The intermediate support at 1.0853 is vital as a multi-swing low. This analysis points to a bullish outlook.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD is showing a bullish trend, with indications of further upward potential. A bullish rebound might occur at the 1st support level of 1.0797, potentially pushing the price towards the 1st resistance at 1.1043. The 1st support acts as a pullback foundation, while the 2nd support at 1.0621 is significant as a swing low. The intermediate support at 1.0853 is vital as a multi-swing low. This analysis points to a bullish outlook.
The material has been provided by InstaForex Company – www.instaforex.com
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