📊 GBPUSD H4 – Technical Analysis
EURUSD remains under bearish pressure, trading near 1.3246 after a sharp decline. Price is testing a key support zone around 1.3200–1.3250, where a short-term bullish rebound may develop.
🔹 Support: 1.3200–1.3250
🔹 Resistance: 1.3440–1.3480
🔹 Upside Target: 1.3440–1.3480
A confirmed bounce from support could trigger a recovery toward resistance. However, a breakdown below 1.3200 may extend the bearish move.
Key Insight: Watch for price confirmation at support before considering a bullish recovery. Proper risk management is essential.
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