EUR/USD displays bearish momentum with the potential for a bearish continuation towards the 1st support at 1.0526. This support level aligns with a swing low support, suggesting its strength as a potential support zone. Additionally, the 2nd support at 1.0485 is an overlap support and coincides with the 127.20% Fibonacci Extension, further reinforcing its significance as a potential support area. On the resistance side, the 1st resistance at 1.0584 is characterized as an overlap resistance, indicating a potential barrier to upward price movement. The 2nd resistance at 1.0646 is a swing high resistance, presenting another potential level of resistance for the price.
