The EUR/USD chart is currently displaying an overall bearish momentum, as it approaches a key support level.
Resistance Levels:
The 1st resistance at 1.1140 is identified as a "Swing-high Resistance", implying its potential to impede upward price movements. Additionally, the 2nd resistance at 1.1276 is also characterized as a "Swing-high Resistance" indicating its role as a substantial obstacle to further advances.
Support Levels:
On the support side, the 1st support at 1.1008 serves as an "Overlap Support". This level suggests an area where buying interest may emerge, potentially providing some support to the price. Similarly, the 2nd support at 1.0895 is classified as a "Pullback Support" highlighting its significance as a substantial support zone.
