EUR/USD – 30M – BUYThe currency pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 1.11669 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.11032 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.11816 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.11669 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11887 |
| 2nd High | 1.11816 |
| Next High | 1.11669 |
| Current Price | 1.11644 |
| Next Low | 1.11032 |
| 2nd Low | 1.10830 |
| 3rd Low | 1.10684 |