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FX.co ★ EURUSD H4 | Falling toward support level?

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Forex Analysis:::2023-11-14T03:48:13

EURUSD H4 | Falling toward support level?

EURUSD H4 | Falling toward support level?

The EUR/USD chart has a bearish momentum with a potential drop towards the 1st support at 1.0664 (overlap and 38.20% Fibonacci Retracement). The 2nd support at 1.0606 (61.80% Fibonacci Retracement) reinforces this support zone. On the resistance side, the 1st resistance at 1.0712 (multi-swing high) suggests selling interest, while the 2nd resistance at 1.0758 (another multi-swing high) adds to potential resistance areas during any bearish reaction.

Analyst InstaForex
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