EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
An ascending movement up to the next resistance at 1.05299 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.04252 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05545 |
| Next High | 1.05299 |
| Current Price | 1.05068 |
| Next Low | 1.04252 |
| 2nd Low | 1.03328 |
| 3rd Low |