EUR/USD – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 1.11431 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.10830 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.11323 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.11431 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11816 |
| 2nd High | 1.11669 |
| Next High | 1.11431 |
| Current Price | 1.11124 |
| Next Low | 1.10830 |
| 2nd Low | 1.10684 |
| 3rd Low | 1.10053 |