EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.06542 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.07971 |
| 2nd High | 1.06628 |
| Next High | 1.06542 |
| Current Price | 1.05202 |
| Next Low | |
| 2nd Low | |
| 3rd Low |