The EUR/USD pair is currently in a bullish trend, potentially extending towards the 1st resistance level. The 1st support level is at 1.1095, acting as a pullback support, providing significant price stability. Further price decrease is cushioned by the 2nd support level at 1.1007, functioning as an overlap support. Conversely, the 1st resistance level at 1.1183, a swing high resistance, is reinforced by a Fibonacci confluence of a 100% projection and 127.20% extension. If the price breaks through this, the 2nd resistance level at 1.1285, an overlap resistance, could challenge further price increases.
