NZD/USD – 1H – SELLThe currency pair Euro/Euro (EUR/EUR) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.59722 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.59092 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.59722 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.60374 |
| 2nd High | 0.59771 |
| Next High | 0.59722 |
| Current Price | 0.59034 |
| Next Low | |
| 2nd Low | |
| 3rd Low |