EUR/USD – 1H – SELLThe pair moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.09541 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.09968 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.09509 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.09968 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10393 |
| 2nd High | 1.10364 |
| Next High | 1.09968 |
| Current Price | 1.09601 |
| Next Low | 1.09541 |
| 2nd Low | 1.09509 |
| 3rd Low | 1.09494 |