The EUR/USD chart is indicating a bearish reversal. The 1st support is at 1.08493, an overlap support with a 23.60% Fibonacci retracement. If the downtrend continues, the 2nd support at 1.07689, a pullback support aligned with a 38.20% Fibonacci retracement, may come into play
On the upside, the 1st resistance is at 1.09285, an overlap resistance featuring a 61.80% Fibonacci retracement and a 78.60% Fibonacci projection, suggesting a strong confluence. The 2nd resistance stands at 1.10530, identified as an overlap resistance.
