FX.co ★ EUR/USD H4 | Bearish Reversal

EUR/USD (Euro/US Dollar), a potential bearish reversal scenario is outlined as follows:

Resistance Levels:

The 1st resistance level at 1.0797 is identified as "An Overlap resistance," indicating a significant level where selling pressure may emerge due to historical price activity overlapping around this level.

The 2nd resistance level at 1.0826 is described as "Pullback resistance," suggesting an additional barrier to upward movement.

Support Levels:

The 1st support level at 1.0745 is noted as "An Overlap support," indicating a significant level where buying interest may emerge due to historical price activity overlapping around this level.

The 2nd support level at 1.0698 is described as "Multi-swing low support," suggesting further reinforcement of support in this area.