The EUR/USD (Euro/US Dollar) chart analysis suggests a potential bearish continuation scenario with key resistance and support levels:
Resistance Levels:
The 1st resistance level at 1.09305 is identified as "An Overlap resistance." This level represents a significant barrier for upward price movement.
The 2nd resistance level at 1.09844 is also described as "An Overlap resistance," indicating another critical resistance zone.
Support Levels:
The 1st support level at 1.08268 is noted as "An Overlap support." It represents a key support level where buyers may provide some stabilization.
The 2nd support level at 1.07461 is described as "Multi-swing low support." This level can serve as additional support below the first level.
