The EUR/USD is in a bullish trend but might temporarily drop to the first support level at 1.0918. If this support is breached, the next support at 1.0838 could halt further declines. Conversely, if the price recovers, it may face resistance at 1.0959, a significant level due to its overlap resistance and 78.60% Fibonacci Projection alignment. If this is surpassed, the next resistance at 1.1034 could challenge further upward progress.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD is in a bullish trend but might temporarily drop to the first support level at 1.0918. If this support is breached, the next support at 1.0838 could halt further declines. Conversely, if the price recovers, it may face resistance at 1.0959, a significant level due to its overlap resistance and 78.60% Fibonacci Projection alignment. If this is surpassed, the next resistance at 1.1034 could challenge further upward progress.
The material has been provided by InstaForex Company – www.instaforex.com
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