EUR/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.09541 is likely expected.
Caution: A possible change in the direction of resistance at 1.09968 is also possible.
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 | 1.09968 |
| Current Price | 1.09529 |
| Next Low | 1.09541 |
| 2nd Low | 1.09509 |
| 3rd Low | 1.09494 |