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EURUSD, H4:
The EUR/USD pair has shown signs of easing bullish momentum after reaching its highest level since May. The pair subsequently formed a lower-high price pattern, indicating that buying pressure was weakening and that a potential bearish reversal was developing.
The bearish momentum then accelerated as EUR/USD broke below its descending triangle pattern, followed by a decisive break below the immediate support level at 1.1618. These successive structural breaks strengthen the bearish outlook and suggest that sellers are gaining control in the near term.
With the breakdown now confirmed, EUR/USD could remain under selling pressure and potentially extend its decline toward lower support levels in the next leg.
Overall, the combination of the lower-high formation, descending-triangle breakdown, and break below 1.1618 provides a stronger confirmation of the bearish bias for EUR/USD.
Resistance Levels:1.1800, 1.1620
Support Levels: 1.1462, 1.1258

XAGUSD, H4
Silver has staged a false breakout from its recent price consolidation range, before reversing sharply and breaking back below the range. This price action suggests that the attempted bullish breakout failed and that selling pressure is beginning to take control.
The metal is now hovering around the short-term pivotal level at $66.55, which has become a key level for determining the next directional move. Should silver fail to reclaim and sustain above $66.55, this would further validate the bearish signal and suggest that the recent range breakdown could develop into a deeper correction.
Conversely, a successful recovery above $66.55 would weaken the immediate bearish outlook and indicate that buyers may still be attempting to regain control.
Overall, the failed breakout and subsequent breakdown from the consolidation range point toward a bearish near-term bias, with $66.55 serving as the key recovery level to watch.
Resistance Levels: 69.67, 73.70
Support Levels: 65.30, 61.60
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