FX.co ★ EUR/USD , H4 | Falling to 1st support?

The EUR/USD chart shows a bearish momentum as the price remains below a major descending trend line and the bearish Ichimoku cloud. This indicates a presence of bearish pressure in the market. There is a likelihood of a bearish reaction at the first resistance level, which could lead to a decline towards the first support level. The 1.0635 level acts as a significant support area, while the first resistance at 1.0691 and the second resistance at 1.0793 may hinder upward price movements temporarily. Traders and investors should closely monitor these levels for potential trading opportunities or changes in market sentiment.