In a 4 hour chart the current price of EURUSD is 1.03202 and is going toward the top line of its descending channel where is the accumulation of resistance zone, there is one dynamic and one static resistance. At the channel top, it is anticipated that the price will change the trend while the RSI indictor displays fatigue from the bulls. the potential for the downward trend to continue will then exist.
In addition to all above analysis we can check Hull Moving Average. Price movement below the shorter-term 20-day Hull MA triggers a sell signal. And the MACD is showing Bearish wave on going, MACD bars are turning light green.

• There is resistance 1.03524 followed by resistance at 1.03647 and 1. 03927.
• There is support at 1.03156, Below, there is 1.02894 and 1.02509.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.