The EUR/USD pair has bullish momentum and may move towards the 1st resistance level. Pullback support at 1.0478, coinciding with the 38.20% Fibonacci retracement level, is currently supporting the price. If the price bounces from this support, it could reach the 1st resistance level at 1.1001, a significant swing high resistance level. An intermediate resistance level at 1.0787 may also contribute to stronger bullish momentum. An intermediate support level at 1.0345, which aligns with the 50% Fibonacci retracement level, exists on the downside, but the overall bias is bullish.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
20.03.2023 10:44 AM
