EUR/USD – 1H – BUYThe combination breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.12026 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.11247 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.12136 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.12026 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.12026 |
| Current Price | 1.11972 |
| Next Low | 1.11247 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |