The EUR/USD chart has a bearish momentum, and there’s a potential scenario of a bearish reaction at the 1st resistance, targeting the 1st support. The 1st support at 1.0363 aligns with an overlap support and the 78.60% Fibonacci Retracement level. Additionally, traders may look for confirmation at the 1.0488 swing low support. On the resistance side, the 1st resistance at 1.0632 is an overlap resistance.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD chart has a bearish momentum, and there’s a potential scenario of a bearish reaction at the 1st resistance, targeting the 1st support. The 1st support at 1.0363 aligns with an overlap support and the 78.60% Fibonacci Retracement level. Additionally, traders may look for confirmation at the 1.0488 swing low support. On the resistance side, the 1st resistance at 1.0632 is an overlap resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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