EUR/USD – 1H – BUYThe combination breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 1.10492 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.09494 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.10492 |
| Current Price | 1.10263 |
| Next Low | 1.09494 |
| 2nd Low | 1.09136 |
| 3rd Low | 1.09090 |