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FX.co ★ EURUSD H4 | BullishContinuation Expected?

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Forex Analysis:::2023-10-24T04:05:24

EURUSD H4 | BullishContinuation Expected?

EURUSD H4 | BullishContinuation Expected?

The EUR/USD chart currently maintains a bullish overall momentum, with a potential scenario for further upward movement towards the 1st resistance level. The 1st support at 1.0631 is a strong level as it aligns with a pullback support, and the 2nd support at 1.0561 is an overlap support, adding to the potential support zones. On the resistance side, the 1st resistance at 1.0734 is a swing high resistance, and there's an intermediate resistance at 1.0675, which is an overlap resistance and coincides with the 100% Fibonacci Projection.

Analyst InstaForex
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