The EUR/USD chart indicates a bullish trend, with the price potentially bouncing higher from the 1st support level at 1.1079, which aligns with the 50% Fibonacci retracement. This bounce could lead to a upward movement towards the 1st resistance at 1.1172, which also acts as a pullback resistance, coinciding with the 50% Fibonacci retracement.
Additionally, the 2nd support at 1.0999 serves as another significant pullback support, corresponding to the 61.80% Fibonacci retracement. On the flip side, the 2nd resistance at 1.1274 represents a crucial swing high resistance. These support and resistance levels are vital in determining the potential price movements of EUR/USD.
