EUR/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.04711 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.04976 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05545 |
| 2nd High | 1.05444 |
| Next High | 1.04976 |
| Current Price | 1.04092 |
| Next Low | 1.03328 |
| 2nd Low | |
| 3rd Low |