EUR/USD – 4H – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.13713 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.14947 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.13523 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.14947 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.15730 |
| Next High | 1.14947 |
| Current Price | 1.14197 |
| Next Low | 1.13713 |
| 2nd Low | 1.13568 |
| 3rd Low | 1.12099 |
1.14947 – 1.14542 – 1.14185 – 1.13713 – 1.13568 – 1.12099