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Published: 16 July 2026,05:59
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EURUSD, H4:
EUR/USD has broken above its immediate resistance level at 1.1465, generating a bullish breakout signal and suggesting that the pair may be entering a short-term trend reversal. The breakout indicates that buying momentum has strengthened, allowing the euro to regain ground against the U.S. dollar after a prolonged period of weakness.
The next major technical hurdle is the long-term descending trendline, currently located near 1.1500. This resistance represents a critical inflection point for the pair, as it has capped previous recovery attempts and continues to define the broader bearish trend.
A decisive break above 1.1500 would constitute a structural breakout, confirming that buyers have successfully overcome the long-term downtrend. Such a move would significantly strengthen the bullish outlook and could pave the way for a broader recovery in the sessions ahead.
However, if EUR/USD is rejected at the descending trendline, it would suggest that the broader bearish structure remains intact. In this scenario, the recent rally would likely be viewed as a corrective rebound within the prevailing downtrend, with selling pressure expected to re-emerge beneath the 1.1500 resistance zone.
Resistance Levels: 1.1640, 1.1810
Support Levels: 1.1266, 1.1100
XAGUSD H4
Silver has remained under selling pressure since peaking near $63.00 in July, forming a series of lower highs that reinforces the prevailing bearish trend. Over the past two weeks, the metal has declined by more than 10%, highlighting the strength of the recent bearish momentum.
Silver is now testing a key support zone around $57.00, a level that has consistently provided buying support since late June. This support area will be crucial in determining the metal’s next directional move.
From a technical perspective, a rebound from the $57.00 support level remains a possibility, as bargain buying may emerge after the recent sharp decline. A successful defense of this level could trigger a short-term technical recovery and temporarily ease the prevailing selling pressure.
However, if silver fails to hold above $57.00, it would constitute a significant bearish breakdown and reinforce the current downtrend. Such a move would likely accelerate selling momentum and expose the next key support level at $52.80, with the risk of a deeper correction should bearish sentiment persist.
Resistance Levels: 61.58, 65.32
Support Levels:52.80, 48.80
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