EUR/USD – 1H – BUYThe combination breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 1.10364 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.10082 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10468 |
| 2nd High | 1.10393 |
| Next High | 1.10364 |
| Current Price | 1.09690 |
| Next Low | 1.10082 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |