EUR/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.11222938 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.11015 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.11015 |
| Current Price | 1.10871 |
| Next Low | 1.10053 |
| 2nd Low | 1.10018 |
| 3rd Low | 1.09494 |