FX.co ★ EURUSD H4 | Reacting off resistance?

The EUR/USD chart currently indicates an overall bearish momentum, highlighting a potential scenario for price to make a bearish continuation towards the 1st support level.

The 1st support level at 1.0494 is identified as an overlap support while the 2nd support level at 1.0451 is identified as a swing-low support. To the upside, the 1st resistance level at 1.0595 is characterized as a pullback resistance. Higher up, the 2nd resistance level at 1.0632 is identified as an overlap resistance.