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FX.co ★ EURUSD ,H4 | Falling to Support level?

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Forex Analysis:::2023-07-07T04:50:51

EURUSD ,H4 | Falling to Support level?

EURUSD ,H4 | Falling to Support level?

EUR/USD chart currently shows neutral momentum, with potential fluctuation between 1st support at 1.0847 (overlap support) and 1st resistance at 1.0919 (multi-swing high resistance, 100% Fibonacci Retracement). 2nd support at 1.0780 (overlap support), and 2nd resistance at 1.0995 (swing high resistance).

Symmetrical triangle pattern suggests consolidation, with a bullish breakout if upper trendline is breached, and a bearish breakdown if lower trendline is breached.

Analyst InstaForex
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