EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 1.05318 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.05852 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.05549044 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.05852 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06297 |
| Next High | 1.05852 |
| Current Price | 1.05747 |
| Next Low | 1.05318 |
| 2nd Low | 1.04721 |
| 3rd Low | 1.04604 |