FX.co ★ EUR/USD Day | Bearish Reversal

The EUR/USD (Euro/US Dollar) chart indicates a potential bearish reversal scenario with the following key support and resistance levels:

Resistance Levels:

The 1st resistance level at 1.0922 is identified as "Pullback resistance." This level suggests a significant barrier to further upward movement in the EUR/USD exchange rate.

The 2nd resistance level at 1.0993 is labeled as "An Overlap resistance." It signifies another notable resistance zone that traders should keep an eye on.

Support Levels:

The 1st support level at 1.0853 is characterized as "An Overlap support." This level may act as a support zone where price pullbacks or bounces could occur.

The 2nd support level at 1.0755 is marked as "An Overlap support." It represents another crucial support zone where traders might consider entering long positions.