EURUSD → Resistance pressure on the bearish trend

Updated
EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market.

snapshot

Bostic (Fed) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech
The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend.

Resistance levels: 1.08597, 1.08975
Support levels: 1.07958, 1.07030


Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline.

Regards R. Linda!
Trade active
The rebound continues. The price is heading towards the resistance
Note
Resistance retest forms consolidation below the level
Chart PatternsDXYEURUSDFibonacci ExtensionFibonacci RetracementFLATFundamental AnalysisSupport and ResistanceTrend AnalysisTrend Line BreakZigzag

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