EUR/USD – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.0343 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.05340 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09367 |
| 2nd High | 1.06297 |
| Next High | 1.05340 |
| Current Price | 1.03999 |
| Next Low | 1.03430 |
| 2nd Low | 1.03328 |
| 3rd Low |