EURUSD, H4:
The EUR/USD pair has extended its decline, breaking decisively below the critical support level at 1.0715—a development that reinforces the bearish shift signaled by its recent pattern of lower highs. The breakdown opens the path toward the next significant support zone near 1.0650, with a sustained move below this level likely to intensify selling pressure.
The sell-off has created a Fair Value Gap (FVG) on the charts, a technical imbalance that often attracts price action for a retest. A pullback to fill this gap could occur in the near term, but a strong rejection upon approaching the gap’s upper boundary would serve as a potent bearish confirmation, suggesting that sellers remain in control.
Momentum indicators are aligned with the deteriorating outlook. The Relative Strength Index is holding below its midline and approaching oversold territory, reflecting sustained selling pressure. More notably, the Moving Average Convergence Divergence is exhibiting bearish divergence after crossing below its zero line, indicating that downward momentum is not only present but accelerating.
Resistance Levels: 1.1715, 1.1870
Support Levels: 1.1600, 1.1465
ETH, H4
Ethereum has extended its decline, breaking decisively below the critical psychological support at $4,000 and falling an additional 7% after exiting its recent consolidation range. The move confirms a significant deterioration in market structure and reinforces a strong bearish near-term bias. ETH is now testing a key support level near $3,870, where initial signs of a technical rebound are emerging.
However, any recovery attempt is likely to face strong resistance near the $4,065 level—the former support-turned-resistance zone. A rejection at this level would represent a classic bearish continuation pattern, potentially triggering another leg down toward the next significant support near $3,750.
Momentum indicators remain aligned with the negative outlook. The Relative Strength Index continues to trade in oversold territory, reflecting persistent selling pressure, while the Moving Average Convergence Divergence maintains its downward trajectory below the zero line, signaling that bearish momentum is still accelerating.
Resistance Levels: 4326.00, 4821.00
Support Levels:3866.00, 3400.00
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