EUR/USD – 30M – BUYThe combination breaks through the descending trendline up.
A bullish movement up to the next resistance at 1.11431 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.11032 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.11604996 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.11431 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11816 |
| 2nd High | 1.11669 |
| Next High | 1.11431 |
| Current Price | 1.11406 |
| Next Low | 1.11032 |
| 2nd Low | 1.10830 |
| 3rd Low | 1.10684 |