The EUR/USD chart is indicating a bearish reversal. At present, the chart shows strong support levels:
1st resistance: 1.09572, marked as "Multi-swing high resistance." This level is historically significant, posing a potential barrier to upward movement.
2nd resistance: 1.10076, identified as "Swing high resistance." Its alignment with key technical levels accentuates its importance as a formidable resistance zone.
On the downside, the 1st support: 1.09230, recognized as "An Overlap support." This level represents a significant area where buying interest may emerge, potentially preventing further decline.
2nd support: 1.08795, also backed by "An Overlap support." Multiple indicators or factors converge at this level, enhancing its potential as a robust support zone.
