The current momentum of the EUR/USD chart is bullish, indicating the possibility of a bullish continuation towards the first resistance. The 1st support level is located at 1.0797, which is an overlap support level and coincides with the 38.20% Fibonacci retracement level. Another support level to watch out for is at 1.0740, which is another overlap support level and also coincides with the 50% Fibonacci retracement level.
Conversely, the first resistance level to keep an eye on is at 1.0932, which is an overlap resistance level. The second resistance level is at 1.1022, which is a swing high resistance level. In addition, there is an intermediate support level at 1.0833, which is a swing low support level.
The material has been provided by InstaForex Company – www.instaforex.com
The current momentum of the EUR/USD chart is bullish, indicating the possibility of a bullish continuation towards the first resistance. The 1st support level is located at 1.0797, which is an overlap support level and coincides with the 38.20% Fibonacci retracement level. Another support level to watch out for is at 1.0740, which is another overlap support level and also coincides with the 50% Fibonacci retracement level.
Conversely, the first resistance level to keep an eye on is at 1.0932, which is an overlap resistance level. The second resistance level is at 1.1022, which is a swing high resistance level. In addition, there is an intermediate support level at 1.0833, which is a swing low support level.
The material has been provided by InstaForex Company – www.instaforex.com
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