empty
26.02.2024 06:17 AM
EUR/USD Day | Bullish Bounce

This image is no longer relevant

The EUR/USD, the potential bullish bounce scenario is as follows:

Description: The chart indicates a potential bullish bounce, with significant support identified at two levels.

Support Levels:

The 1st support level is at 1.0784, characterized by "Pullback support." This level suggests a historical area where the price has retraced before continuing its upward movement.

The 2nd support level is positioned at 1.0666, noted as "An Overlap support." This level represents a historical zone where price has found support, coinciding with previous price action.

Resistance Levels:

The 1st resistance level is observed at 1.0886, designated as "Multi-swing high resistance." This level indicates a historical barrier where the price has encountered selling pressure after reaching previous swing highs.

The 2nd resistance level is located at 1.0993, recognized as "An Overlap resistance." Like the 1st resistance, it represents another historical level where the price has struggled to move above due to selling pressure.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

Forecast for EUR/USD on September 3, 2025

On Tuesday, EUR/USD reversed in favor of the U.S. dollar and saw a sharp decline, closing below the support zone at 1.1637–1.1645. Thus, the downward move may continue today toward

Samir Klishi 11:11 2025-09-03 UTC+2

Forecast for GBP/USD on September 3, 2025

On the hourly chart, GBP/USD on Tuesday reversed in favor of the U.S. dollar and fell toward the support zone at 1.3357–1.3364. A rebound from this zone today will work

Samir Klishi 10:57 2025-09-03 UTC+2

GBP/USD. Indicator Analysis on September 3, 2025

On Tuesday, the pair moved downward, tested the 50% retracement level at 1.3366 (yellow dotted line), and then moved upward, closing the daily candle at 1.3391. Today, the price

Stefan Doll 10:48 2025-09-03 UTC+2

EUR/USD. Indicator Analysis on September 3, 2025

On Tuesday, the pair moved downward, tested the support line at 1.1613 (thick blue line), and then moved up, closing the daily candle at 1.1638. Today, the price may continue

Stefan Doll 10:42 2025-09-03 UTC+2

If the Pivot level can hold the correction in XPD/USD, it has the potential to strengthen and rise towards its nearest resistance level. Wednesday, September 03, 2025.

[XPD/USD] – [Wednesday, September 03, 2025] XPD/USD has a Death Cross crossing the EMAs. Although the RSI is at a neutral bearish level, as long as it doesn't weaken

Arief Makmur 09:54 2025-09-03 UTC+2

Natural gas has the potential to weaken today, falling to its nearest support level. Wednesday, September 03, 2025.

[Natural Gas] – [Wednesday, September 03, 2025] With EMA (50) position above the EMA (200) and the RSI indicator in the Neutral Bullish area today, #NG has the potential

Arief Makmur 09:54 2025-09-03 UTC+2

EUR/USD Forecast for September 3, 2025

EUR/USD After yesterday's spike in yields on European government bonds, the drop in the EuroStoxx50 stock index by 1.41% (DAX -2.29%), and the euro's fall by 0.67% with the perfect

Laurie Bailey 05:51 2025-09-03 UTC+2

GBP/USD Forecast for September 3, 2025

GBP/USD The UK Treasury's intention to raise taxes and the strengthening of the US dollar by 0.67% led to a 1.20% drop in the pound (148 pips). On the weekly

Laurie Bailey 05:51 2025-09-03 UTC+2

USD/JPY Forecast for September 3, 2025

USD/JPY Yesterday, Japan's Prime Minister, who is also the head of the ruling Liberal Democratic Party (LDP), Shigeru Ishiba, announced his intention to resign. Along with him, three more senior

Laurie Bailey 05:51 2025-09-03 UTC+2

Forecast for EUR/USD on September 2, 2025

On the hourly chart, EUR/USD continued to rise on Monday after consolidating above the 76.4% retracement level at 1.1695, but not for long. Today, a rebound from this level will

Samir Klishi 11:11 2025-09-02 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.