7 November 2025,05:59
Chart The Market
7 November 2025, 05:59
EURUSD, H4:
The EUR/USD pair remains entrenched in a bearish phase, having decisively breached the critical support level at 1.1550—a level that had previously provided a reliable foundation for the currency pair. The subsequent technical rebound is now confronting a significant technical hurdle as this former support is expected to act as formidable resistance.
The 1.1550 level now represents a key pivot point for market structure. A convincing break back above this barrier would signal a potential structural shift and invalidate the immediate bearish bias. Conversely, a clear rejection at this level would reinforce the downtrend, providing a strong bearish confirmation and likely triggering a resumption of selling pressure.
Momentum indicators present a nuanced picture. The Relative Strength Index (RSI) has rebounded sharply from oversold territory, suggesting waning downward momentum and creating conditions for potential further recovery. Meanwhile, the Moving Average Convergence Divergence (MACD), while having generated a bearish death cross at cycle lows, shows signs of potential stabilization. This configuration indicates that while the immediate bearish momentum has faded, the pair requires a decisive break above 1.1550 to confirm a meaningful bullish reversal is underway.
Resistance Levels: 1.1620, 1.1705
Support Levels: 1.1450, 1.1365
ETH, H4
Ethereum has confirmed a significant bearish technical signal following its decisive breakdown from a key consolidation range, previously bounded by the $3,680 support level. The breakdown triggered a sharp decline of over 20%, establishing a recent low near $3,065.
The subsequent technical rebound has brought the cryptocurrency to a critical near-term juncture. The current rally is testing a key short-term resistance trendline at the $3,440 level. A sustained break above this barrier is necessary to signal a potential short-term bullish reversal and could open the path for a further recovery toward the $3,550 area.
Despite the recent bounce, momentum indicators continue to reflect a bearish underlying bias. The Relative Strength Index (RSI) remains subdued below the 50 mid-line, indicating that buying momentum is not yet dominant. Concurrently, the Moving Average Convergence Divergence (MACD), while its decline may be slowing, continues to trade below its zero line. This configuration suggests that while the sell-off may be exhausting, the broader near-term momentum remains negative. The $3,440 resistance level now serves as a critical litmus test—a breakout would suggest a more robust recovery is underway, while a rejection would reinforce the prevailing bearish structure and risk a retest of the $3,065 low.
Resistance Levels: 3840.00, 4840.00
Support Levels:2991.55, 2381.50
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