EUR/USD – 30M – SELLThe pair goes from the bullish trendline down.
The bearish trend down to the next support level at 1.07705 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.08296 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.08099 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.08296 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08589 |
| 2nd High | 1.08377 |
| Next High | 1.08296 |
| Current Price | 1.08236 |
| Next Low | 1.07705 |
| 2nd Low | 1.07609 |
| 3rd Low |