empty
04.12.2023 06:12 AM
EUR/USD H4 | Potential Bearish Reversal?

This image is no longer relevant

The EUR/USD chart suggests the potential for a bearish reversal, with notable support and resistance levels influencing its prospective direction.

Resistance Levels:

The 1st resistance at 1.08850 is characterized as "An Overlap resistance." This level acts as a significant barrier to any potential upward price movement, warranting careful consideration by traders. Beyond this, the 2nd resistance level at 1.09556 is categorized as "Pullback resistance," highlighting its importance as a resistance zone due to its alignment with key technical levels.

Support Levels:

On the support side, the 1st support level at 1.07750 is labeled as "Pullback support." This level implies a potential area where buying interest might emerge, potentially preventing further downward movement. Reinforcing this, the 2nd support level at 1.06673 is supported by "An Overlap support," indicating the convergence of multiple indicators or factors, further strengthening its role as a substantial support zone.

টাইমফ্রেম নির্বাচন করুন
5
মিনিট
15
মিনিট
30
মিনিট
1
ঘন্টা
4
ঘন্টা
1
দিন
1
সপ্তাহ
ইনস্টাফরেক্স দিয়ে ক্রিপ্টোমুদ্রা দর পরিবর্তনে আয় করুন।
মেটাট্রেডার 4 ডাউনলোড করে আপনার প্রথম ট্রেড চালু করুন।
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    প্রতিযোগীতায় অংশগ্রহণ করুন

সুপারিশকৃত নিবন্ধ

এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.