EUR/USD – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.11359 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.11816 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 | 1.11887 |
| Next High | 1.11816 |
| Current Price | 1.11584 |
| Next Low | 1.11359 |
| 2nd Low | 1.10684 |
| 3rd Low | 1.10053 |