EUR/USD – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.11109 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.11461 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.11461 |
| Current Price | 1.11157 |
| Next Low | 1.11109 |
| 2nd Low | 1.10725 |
| 3rd Low | 1.10053 |