EUR/USD – 30M – BUYThe currency pair breaks through the descending trendline up.
An ascent upwards to the next resistance level at 1.09773 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.09509 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10393 |
| 2nd High | 1.10364 |
| Next High | 1.09773 |
| Current Price | 1.09763 |
| Next Low | 1.09509 |
| 2nd Low | 1.09494 |
| 3rd Low | 1.09136 |