EUR/USD is exhibiting bullish momentum as it is currently trading in a bullish ascending channel, which implies that the price might continue to rise due to its bullish momentum. There is a potential for a bullish breakout of the 1st resistance level, leading to a surge towards the 2nd resistance level.
The 1st support level is located at 1.0949 and is identified as a multi-swing low support. The 2nd support level is situated at 1.0911 and is recognized as an overlap support.
Conversely, the 1st resistance level is positioned at 1.1070, and it is identified as a swing high resistance, coupled with a 78.60% Fibonacci Projection. The 2nd resistance level is situated at 1.1129 and is recognized as a 161.80% Fibonacci Extension
