EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at is expected.
Caution: A possible change in the direction of the resistance level at 1.15436 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16144 |
| 2nd High | 1.15797 |
| Next High | 1.15436 |
| Current Price | 1.14904 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.15436 – 1.15299 – 1.15797 – 1.14459 – 1.14742 – 1.15422