The EUR/USD chart is currently displaying potential signals of a bearish reversal, with significant resistance levels acting as key barriers.
Resistance Levels:
The 1st resistance at 1.09250 is categorized as "Pullback resistance," indicating its potential to deter upward price movements. Similarly, the 2nd resistance at 1.09660 is also identified as "Pullback resistance," emphasizing its role as a formidable resistance zone.
Support Levels:
On the support side, the 1st support at 1.0815 is recognized as "An Overlap support." This level suggests a zone where buying interest may emerge, potentially providing support to the price. Furthermore, the 2nd support at 1.07500 is characterized by "An Overlap support," reinforcing its significance as a substantial support zone.
