EUR/USD – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 1.09509 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.09773 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.09509 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.09773 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10393 |
| 2nd High | 1.10364 |
| Next High | 1.09773 |
| Current Price | 1.09598 |
| Next Low | 1.09509 |
| 2nd Low | 1.09494 |
| 3rd Low | 1.09136 |