EUR/USD – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish trend downwards to the next support at 1.10725 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.11461 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.11461 |
| Current Price | 1.11128 |
| Next Low | 1.10725 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |