EUR/USD – 30M – BUYThe combination breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 1.12026 will continue.
Caution: A possible change in the direction of the support zone at 1.11462 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.11842156 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.12026 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.12026 |
| Current Price | 1.11892 |
| Next Low | 1.11462 |
| 2nd Low | 1.11247 |
| 3rd Low | 1.11213 |