EUR/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.10283 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.10262 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10908 |
| 2nd High | 1.10548 |
| Next High | 1.10262 |
| Current Price | 1.10247 |
| Next Low | 1.10053 |
| 2nd Low | 1.10018 |
| 3rd Low | 1.09830 |