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Published: 24 July 2026,06:36
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EURUSD, H4:
EUR/USD has broken below its asymmetric triangle formation, confirming a bearish breakout and signaling that the pair is resuming its broader long-term downtrend. The breakdown represents a significant technical development, indicating that sellers have regained control following a period of consolidation.
The breakout below the triangle pattern reinforces the prevailing bearish market structure and suggests that downside momentum is likely to accelerate in the near term. The next key support level to monitor is 1.1270, which serves as the immediate downside target. A sustained move below this level could expose the pair to further losses and reinforce the long-term bearish outlook.
Momentum indicators also support the negative technical picture. The Moving Average Convergence Divergence (MACD) has crossed below the zero line, confirming that bearish momentum is strengthening and aligning with the current downside bias.
Although short-term oversold conditions may trigger intermittent technical rebounds, these are likely to be viewed as corrective unless EUR/USD can reclaim the broken triangle support.
Resistance Levels: 1.1453, 1.1600
Support Levels:1.1270, 1.1078
ETH, H4
Ethereum encountered strong selling pressure near the $1,950 resistance level, where the cryptocurrency formed a double-top pattern and was subsequently rejected. This price action suggests that bullish momentum has weakened at a key resistance zone, raising the risk of a near-term correction.
Following the rejection, ETH is now retreating toward its critical support level around $1,800. This area is expected to serve as an important technical pivot, where renewed buying interest could emerge and determine the cryptocurrency’s next directional move.
A successful rebound from $1,800 would indicate that the recent pullback is merely a healthy correction within the broader uptrend. Such a move would preserve the current bullish market structure and increase the likelihood of Ethereum making another attempt to challenge the $1,950 resistance.
Conversely, a decisive break below $1,800 would invalidate the near-term bullish setup and constitute a strong bearish signal. A breakdown beneath this support would suggest that sellers have regained control, increasing the risk of a deeper correction and potentially marking the end of the current bullish phase.
Resistance Levels: 2008.35, 2184.10
Support Levels: 1845.90, 1697.30
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