EUR/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.10625032 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.10533 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11551 |
| 2nd High | 1.10908 |
| Next High | 1.10533 |
| Current Price | 1.10366 |
| Next Low | 1.10339 |
| 2nd Low | 1.10260 |
| 3rd Low | 1.09830 |