EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.06005 is certain.
Caution: A possible reversal of the trend in the direction of support at 1.05321 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.05594 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.06005 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06070 |
| Next High | 1.06005 |
| Current Price | 1.05594 |
| Next Low | 1.05321 |
| 2nd Low | 1.05159 |
| 3rd Low | 1.05118 |