FX.co ★ shahida89 | EUR/USD

EUR/USD chart analysis *Support levels* (green zones) are stacked from 1.17202 (Support 1) all the way down to 1.14000 (Support 6). Each green block represents a demand zone where buyers are likely to step in, pushing price back up. The nearest support (1.17202) is highlighted because the current price (1.17495) is hovering just above it, making it a crucial pivot for the next move. If the price snaps below 1.17202, the next targets are Support 2 (1.17000) and then the deeper zones (Support 3‑6), signaling a bearish trend. *Resistance levels* (red zones) sit at 1.18500 (Resistance 1) and 1.19000 (Resistance 2). These are supply zones where sellers tend to appear, capping any bullish surge. Breaking above Resistance 1 would open the path toward Resistance 2 and indicate strength in the pair. *Price action* on the chart shows a recent down‑move from the resistance area into the support zone, forming lower highs and lower lows – a classic sign of weakening bullish momentum. The candles near Support 1 are tightening, suggesting a potential bounce or a breakdown, depending on volume and momentum indicators. *Volume indicator* (not explicitly shown but implied in candle size & movement) should be used to confirm breaks. High volume on a breakout above resistance or a collapse below support validates the move; low volume suggests a fakeout. You want to see a spike in volume when price pierces a S&R zone to confirm the trend change. *Relative Strength Index (RSI)* – if we had the RSI pane, we’d look for divergence or overbought/oversold signals. Typically, an RSI 70 signals overbought territory (sell/hedge near resistance). On this chart, assuming the current RSI is near 50, the market is in a neutral zone, giving room for either direction based on S&R breach.

*Technical prediction*: 1. *Bull case* – price holds above 1.17202 with rising volume & RSI turning upward → target Resistance 1 (1.18500), then Resistance 2 (1.19000). 2. *Bear case* – price cracks 1.17202 on heavy volume with RSI slipping