FX.co ★ EUR/USD H4 | Rising into resistance

The EUR/USD chart is currently indicating potential signs of a bearish momentum, as it approaches a key resistance level and could potentially reverse off this resistance.

Resistance Levels:

The 1st resistance at 1.1013 is categorized as a "Multi-swing-high Resistance" indicating its potential to hinder upward price movements. Beyond this, the 2nd resistance level at 1.1063 is also identified as "Swing-high Resistance" emphasizing its role as a substantial barrier to further advances.

Support Levels:

On the support side, the 1st support at 1.0937 is recognized as a "Pullback Support". This level suggests a zone where buying interest may emerge, potentially providing some support to the price. Additionally, the 2nd support at 1.0896 is characterized by a "Pullback Support", reinforcing its significance as a substantial support zone.