EUR/USD – 1H – SELLThe combination moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.09541 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.10364 should be noted.
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 | 1.09541 |
| 2nd Low | 1.09509 |
| 3rd Low | 1.09494 |