EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 1.05349 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.04806 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05842 |
| 2nd High | 1.05382 |
| Next High | 1.05349 |
| Current Price | 1.05369 |
| Next Low | 1.04806 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |