EUR/USD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.10053 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.10825 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.10454 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.10825 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12086 |
| 2nd High | 1.11438 |
| Next High | 1.10825 |
| Current Price | 1.10379 |
| Next Low | 1.10053 |
| 2nd Low | 1.10018 |
| 3rd Low | 1.09830 |