The EUR/USD chart is currently in a neutral phase, characterized by price fluctuations between the 1st support and 1st resistance levels.
Support Levels:
The 1st support level at 1.08791 is marked by "An Overlap support," indicating a zone where buying interest may emerge, potentially supporting the price. Additionally, the 2nd support level at 1.08152 is categorized as "Pullback support," reinforcing its role as a potential support zone.
Resistance Levels:
On the resistance side, the 1st resistance level at 1.1007 is influenced by "Swing high resistance," while the 2nd resistance level at 1.10768 is characterized as "Multi-swing high resistance," both indicating significant barriers to further upward price movement.
