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FX.co ★ EUR/USD H4 | Rising toward a resistance level?

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Forex Analysis:::2023-11-23T04:47:39

EUR/USD H4 | Rising toward a resistance level?

The EUR/USD pair presents a bullish outlook, encountering significant resistance at the 1st level of 1.09536, which is identified as multi-swing high resistance.

The 2nd resistance at 1.10421 also acts as a formidable barrier, being a swing high resistance.

Support levels are well-established, with the 1st support at 1.08795 serving as an overlap support, and the 2nd support at 1.0767 providing additional overlap support, both of which could offer a rebound in case of a price retreat.

EUR/USD H4 | Rising toward a resistance level?

Analyst InstaForex
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