EUR/USD – 1H – BUYThe combination jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.11461 is expected.
Caution: A possible change in the direction of the support level at 1.10725 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.11120452 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.11461 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.11461 |
| Current Price | 1.11014 |
| Next Low | 1.10725 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |