EUR/USD – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.11569 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.11676 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.112855 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.11676 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11887 |
| 2nd High | 1.11785 |
| Next High | 1.11676 |
| Current Price | 1.11584 |
| Next Low | 1.11569 |
| 2nd Low | 1.11163 |
| 3rd Low | 1.10684 |