EUR/USD – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.09000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.09546 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10364 |
| 2nd High | 1.09968 |
| Next High | 1.09546 |
| Current Price | 1.09351 |
| Next Low | 1.09000 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |