EUR/USD – 1H – SELLThe pair goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 1.09136 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.09968 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.09509 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.09968 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10393 |
| 2nd High | 1.10364 |
| Next High | 1.09968 |
| Current Price | 1.09414 |
| Next Low | 1.09136 |
| 2nd Low | 1.09090 |
| 3rd Low | 1.08817 |