EUR/USD – 1H – 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 level at 1.11669 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11887 |
| 2nd High | 1.11816 |
| Next High | 1.11669 |
| Current Price | 1.11493 |
| Next Low | 1.11032 |
| 2nd Low | 1.10830 |
| 3rd Low | 1.10684 |