FX.co ★ EURUSD H4 | Reacting off Resistance?

EUR/USD shows bearish momentum, potentially aiming for the 1st support at 1.0524, which aligns with overlap support. The 2nd support at 1.0485, another overlap support, reinforces this potential support zone.

Resistance levels include the 1st resistance at 1.0629, marked as an overlap resistance and coinciding with the 61.8% Fibonacci Retracement, posing a substantial barrier to upward movement. The 2nd resistance at 1.0677 is also noted as an overlap resistance, further signifying a possible area of selling pressure.