FX.co ★ EURUSD, H4 | Continue to 1st support level?

The EUR/USD chart exhibits a bearish trend within a descending channel, pointing to potential continued downward movement. The price might continue its decline towards the 1st support at 1.0739, an overlap support bolstered by the 127.20% Fibonacci Extension. The intermediate support at 1.0802 is a swing low, adding depth to the support framework. On the flip side, the 1st resistance at 1.0923 and intermediate resistance at 1.0877 are both overlap resistances, potentially hindering upward movement.