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FX.co ★ EURUSD, H4 | Bearish Continuation Expected?

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Forex Analysis:::2023-09-14T03:43:41

EURUSD, H4 | Bearish Continuation Expected?

EURUSD, H4 | Bearish Continuation Expected?

The EUR/USD chart has a bearish momentum within a descending channel. There's potential for a bearish continuation towards the strong 1st support at 1.0689, aligned with a swing low support. The 2nd support at 1.0634 reinforces this. On the resistance side, the 1st resistance at 1.0773 is notable as overlap resistance, and the 2nd resistance at 1.0837 is also overlap resistance.

Analyst InstaForex
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