Chart the Market (15/09/2026)
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Chart the Market (15/09/2026)

Published: 15 September 2026,06:05

Published: 15 September 2026,06:05

Chart The Market

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XAGUSD,  H4:                                                               

Silver has enjoyed a period of strong uptrend momentum after breaking above its asymmetric triangle price pattern, confirming a bullish move for the metal. However, the latest price action has shown that bullish momentum is gradually easing, with silver subsequently forming a head-and-shoulders price pattern, suggesting that the current uptrend may be losing strength.

The $62.80 support level is now the key area to watch. Should silver break decisively below this immediate support, it could provide stronger confirmation of the bearish bias and indicate that the head-and-shoulders pattern is developing into a downside move.

A sustained break below $62.80 could trigger another round of selling pressure, with the next leg potentially seeing silver challenge its previous low near $56.30. Conversely, a rebound from $62.80 would weaken the immediate bearish scenario and could allow the metal to continue consolidating.

Overall, silver is showing early signs of a potential bearish shift after its previous bullish breakout, with the head-and-shoulders formation highlighting weakening momentum. $62.80 remains the critical support, and a decisive break below it could strengthen the bearish outlook and open the path toward $56.30.

Resistance Levels:71.20, 78.60

Support Levels: 56.30, 49.15

EURUSD, H4

The EUR/USD pair has retested its short-term resistance level at 1.1570 and subsequently extended its selling trend, confirming the current downtrend structure for the pair. The rejection at this resistance level suggests that selling pressure remains dominant, with buyers still unable to regain sufficient momentum.

The current bearish momentum is expected to push EUR/USD toward its next key support level at 1.1510. This area will be important in determining whether the pair can stabilize or whether the selling pressure will continue to accelerate.

Should EUR/USD break decisively below the 1.1510 support zone, this could trigger a deeper sell-off and further strengthen the bearish outlook for the pair. Conversely, a rebound from this level could provide some short-term relief and lead to another period of consolidation.

Overall, EUR/USD remains under bearish pressure following the rejection at 1.1570. The 1.1510 support level is now the key area to watch, with a sustained break below it potentially opening the path for a deeper downside move.

Resistance Levels: 1.1655, 1.1780

Support Levels:1.1510, 1.1375

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