The EUR/USD (Euro/US Dollar) chart analysis suggests a potential bullish bounce scenario with the following key support and resistance levels:
Support Levels:
The 1st support level at 1.0830 is labeled as "An Overlap support." This level indicates strong support for the currency pair, where buyers may be inclined to enter the market.
The 2nd support level at 1.0755 is also identified as "An Overlap support." It represents an additional support zone below the first level.
Resistance Levels:
The 1st resistance level at 1.0910 is characterized as "An Overlap resistance." This level may act as a resistance zone where sellers could become active.
The 2nd resistance level at 1.0993 is marked as "An Overlap resistance." It signifies another significant resistance zone that traders should be aware of.
