FX.co ★ EURUSD, H4 | Potential bearish reversal?

The EUR/USD chart shows bearish momentum, with potential for a drop from the 1st resistance to the 1st support. The 1st support at 1.0840 is significant during pullbacks, and the 2nd support at 1.0783 has historical importance. Conversely, the 1st resistance at 1.0939 acts as a barrier with key Fibonacci levels, and the 2nd resistance at 1.1041 is also notable. These levels highlight potential price reaction zones.