EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) jumps from the bullish trendline down.
A descent downwards to the next support level at 1.03993 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.04144 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.03917612 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.04144 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04144 |
| Current Price | 1.04028 |
| Next Low | 1.03993 |
| 2nd Low | 1.03713 |
| 3rd Low | 1.03430 |