15 October 2025,03:42
Chart The Market
15 October 2025, 03:42
EURUSD, H4:
The EURUSD pair, having declined to its lowest level since August near the 1.1540 mark, is showing early signs of a potential bullish reversal. The formation of a double-bottom pattern at this key support level has catalyzed a technical rebound, with the pair now testing immediate resistance at the 1.1620 level.
A sustained break above the 1.1620 threshold is critical, as it would confirm the reversal pattern and signal a likely end to the recent downtrend, potentially initiating a new near-term bullish phase.
This constructive outlook is supported by a notable shift in momentum indicators. The Relative Strength Index (RSI) has not only rebounded but has now climbed decisively above its mid-point, indicating building bullish momentum. Concurrently, the Moving Average Convergence Divergence (MACD) has completed a bullish crossover and is approaching its zero line from below. This confluence of signals suggests the prior bearish momentum is vanishing, reinforcing the possibility of a trend reversal. The pair’s ability to convert the 1.1620 resistance into support will be the key test for the bulls.
Resistance Levels: 1.1705, 1.1810
Support Levels: 1.1540, 1.1452
BTC, H4
BTC has confirmed a bearish technical breakdown, having dipped below its Fair Value Gap (FVG) and failing to reclaim this zone. The subsequent rebound from yesterday’s plunge has been capped by resistance below the FVG, reinforcing it as a new area of supply.
The bearish case is further strengthened by the emergence of a potential head-and-shoulders price pattern on the lower timeframes. This classic reversal structure points to a exhaustion of the prior uptrend. The immediate focal point is the crucial short-term support line near the $110,000 mark. A decisive break below this level would serve as critical confirmation of the bearish reversal pattern, likely triggering a deeper corrective move.
This pessimistic price action is corroborated by momentum indicators. The Relative Strength Index (RSI) remains subdued below its mid-point, reflecting a lack of bullish strength, while the Moving Average Convergence Divergence (MACD) is on the verge of a bearish “death cross” before it can even challenge its zero line from below. This confluence of a breakdown from the FVG, a potential reversal pattern, and weak momentum paints a compelling picture for a bearish near-term bias.
Resistance Levels: 114,530.00, 116,765.00
Support Levels:109,050.00, 106,850.00
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