EUR/USD – 30M – SELLThe pair moves from the bullish trendline down.
The bearish trend down to the next support at 1.11247 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.11889 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.116745 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.11889 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.11889 |
| Current Price | 1.11847 |
| Next Low | 1.11247 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |