The EUR/USD chart shows bearish momentum, potentially rising to the 1st resistance before reversing to the 1st support. The 1st support at 1.0459 is significant due to Fibonacci confluence (61.80% Projection and 127.20% Extension) and the 2nd support at 1.0395 is a swing low support.
On the resistance side, the 1st resistance at 1.0500 is an overlap resistance, and the 2nd resistance at 1.0395 is a swing high resistance, both potentially limiting upward movements.
