EURUSD Overview
It looks like price has found solid support after a decent drop and is starting to bounce. I’m eyeing the Supply Zone around 1.10770 as a key resistance level. Price is likely to rally towards this zone, and from there, we’ll need to see how it reacts. The recent support has held well, so I expect some bullish momentum in the short term. If things go as I anticipate, price could push up to 1.10770. However, I’m also cautious of potential selling pressure kicking in around that zone. It’s a key area to watch closely as it could give us insight into the next big move.
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