EURUSD, H4 | Potential bullish reversal?

The EUR/USD chart displays a bullish trend, driven partly by a break above a descending resistance. The price may bounce at the 1st support of 1.0673, aligned with the 61.80% Fibonacci Retracement, and then aim for the 1st resistance at 1.0705. The 2nd support stands at 1.0634, a multi-swing low, while resistances at 1.0705 and 1.0766 are emphasized as overlap resistances, with the former also associated with the 61.80% Fibonacci Retracement.The material has been provided by InstaForex Company - www.instaforex.com
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