EUR/USD – 1H – BUYThe pair breaks through the descending trendline upwards
A bullish movement up to the next resistance at 1.11887 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.11109 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.11887 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.11887 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12012 |
| 2nd High | 1.11902 |
| Next High | 1.11887 |
| Current Price | 1.11626 |
| Next Low | 1.11109 |
| 2nd Low | 1.10725 |
| 3rd Low | 1.10053 |