EUR/USD (Euro/US Dollar), a potential bearish scenario is indicated by the following key levels:
Resistance Levels:
The 1st resistance level at 1.0803 is identified as "An Overlap resistance," suggesting a significant barrier where selling pressure may increase, potentially leading to a reversal in the price trend.
The 2nd resistance level at 1.0852 is described as "Pullback resistance," indicating another level where sellers might be active, reinforcing the bearish sentiment.
Support Levels:
The 1st support level at 1.0744 is recognized as "An Overlap support," implying a level where buying interest could emerge, potentially providing some support to the price decline.
The 2nd support level at 1.0721 is noted as "Pullback support," suggesting another area where buyers might enter the market, potentially limiting further downward movement.
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