EUR/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 1.12136 is considered certain.
Caution: A possible change in the direction of the support line at 1.11213 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.11827784 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 1.12136 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.12136 |
| Current Price | 1.11537 |
| Next Low | 1.11213 |
| 2nd Low | 1.11032 |
| 3rd Low | 1.10830 |