empty
 
 
19.09.2023 09:27 AM
EURUSD, H4 | Falling to support level?

This image is no longer relevant

The EUR/USD chart displays a bearish trend, emphasized by its position below the bearish Ichimoku cloud. Price might react bearishly at the 1st resistance of 1.0692, then possibly decline to the 1st support at 1.0633, an overlap support. The 2nd support at 1.0593 is enhanced by the 161.80% Fibonacci Extension. Resistances at 1.0692 and 1.0766 are both overlap resistances, with the former aligned with the 38.20% Fibonacci Retracement. The overall outlook remains bearish.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback