EUR/USD – 30M – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 1.10684 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.11816 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.11163 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.11816 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11887 |
| Next High | 1.11816 |
| Current Price | 1.10923 |
| Next Low | 1.10684 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |