EUR/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.11135 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 1.12086 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.12086 |
| Current Price | 1.11148 |
| Next Low | 1.11135 |
| 2nd Low | 1.11032 |
| 3rd Low | 1.10830 |