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23.03.2023 07:56 AM
EURUSD, H4 | Potential Bearish Reversal?

It appears that the overall momentum is bearish, indicating a potential drop in price in the longer term. However, in the short term, price could potentially rise towards the 1st resistance level at 1.093 before reversing and heading towards the 1st support level at 1.077.

At 1.077, we have a strong level of support that coincides with an overlap support level. The 2nd support level at 1.069 is also an overlap support, making it another strong level of support. These levels could potentially provide a bounce if price were to drop.

On the other hand, the 1st resistance level at 1.093 is also an overlap level and coincides with a 161.80% Fibonacci Extension, making it a significant level of resistance. The 2nd resistance level at 1.103 is a swing high resistance level that could provide additional resistance if prices break through the 1st resistance level.

There is also an intermediate support level at 1.080, located between the current price and the 1st support level. If price were to break this intermediate support level, it could trigger a stronger bearish acceleration towards the 1st support.

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USDCHF, H4 | Rally to 1st resistance??
The USD/CHF chart displays a bullish momentum, indicating an upward trend. The price being above the bullish Ichimoku cloud and a major ascending trend line contributes to this positive sentiment. Given the bullish momentum, there is a possibility of a bullish bounce from the first support level.
Autor: Dean Leo
01:32 2023-06-01 UTC--4
1735
GBPUSD , H4 | React off Resistance?
The GBP/USD chart currently shows a bearish momentum, suggesting a downward trend. There is a possibility of a bearish reaction from the first resistance level, leading to a decline towards the first support level. The 1.2376 level is a significant support area, previously attracting buyers. The.
Autor: Dean Leo
01:30 2023-06-01 UTC--4
1510
EUR/USD , H4 | Falling to 1st support?
The EUR/USD chart shows a bearish momentum as the price remains below a major descending trend line and the bearish Ichimoku cloud. This indicates a presence of bearish pressure in the market. There is a likelihood of a bearish reaction at the first resistance level, which could lead to a decline.
Autor: Dean Leo
01:28 2023-06-01 UTC--4
1720
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