The four-hour chart of the EUR/USD currency pair indicates a bearish or downtrending market. Therefore, it is expected that the price will fall from the first resistance and reach the first support.
Key levels:
The first support is positioned at 1.0748, considered a strong technical level and a favorable entry point for buyers. The intermediate support is at 1.0790.
The first market resistance is at the rate of 1.0836, which may limit upward movements. The second resistance is at 1.0911, where increased selling pressures might be observed around this level.
Key levels:
The first support is positioned at 1.0748, considered a strong technical level and a favorable entry point for buyers. The intermediate support is at 1.0790.
The first market resistance is at the rate of 1.0836, which may limit upward movements. The second resistance is at 1.0911, where increased selling pressures might be observed around this level.