The EUR/USD chart suggests the potential for a bullish bounce, with significant support and resistance levels in focus.
Support Levels:
The 1st support at 1.08800 is identified as "An Overlap support," signifying a potential area where buying interest could emerge, playing a crucial role as a support zone. Additionally, the 2nd support at 1.07880 is characterized as "Pullback support," indicating its potential to stabilize price movements.
Resistance Levels:
On the resistance side, the 1st resistance at 1.09570 is labeled "Pullback resistance," suggesting a zone where selling pressure may surface, potentially hindering upward momentum. Furthermore, the 2nd resistance at 1.10190 is supported by "Swing high resistance," emphasizing its significance as a resistance zone.
