- Bearish pressure rises as pair breaks below 1.1650, extending daily losses.
- Next support is seen around 1.1630 and below at 1.1600.
- Double top formation near 1.1750, with the neckline at 1.1670 shows target near 1.1590.
- Downtrend line at 1.1740/50 is the key dynamic resistance: a break higher should clear the way to more gains.
EUR/USD 4 Hour chart
Spot rate: 1.1642
High: 1.1743
Low: 1.1642
Trend: Bearish
Resistance 1: 1.1650
Resistance 2: 1.1675
Resistance 3: 1.1705
Support 1: 1.1630
Support 2: 1.1600
Support 3: 1.1575
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