EUR/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.11109484 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.12136 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.12136 |
| Current Price | 1.11346 |
| Next Low | 1.11213 |
| 2nd Low | 1.11032 |
| 3rd Low | 1.10830 |