The EUR/USD chart currently displays a neutral momentum, indicating a lack of clear direction in price movement.
There is a potential for price to fluctuate within a range, with the first support level at 1.0740 and the first resistance level at 1.0822. The first support level represents an area of overlap support, while the first resistance level acts as an area of overlap resistance. Additionally, the first resistance level is reinforced by the presence of a 38.20% Fibonacci retracement.
Moreover, the second support level at 1.0672 and the second resistance level at 1.0846 also function as areas of overlap support and resistance respectively.
