EUR/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.112855 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.11785 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11887 |
| Next High | 1.11785 |
| Current Price | 1.11614 |
| Next Low | 1.11163 |
| 2nd Low | 1.10684 |
| 3rd Low | 1.10053 |