EUR/USD – 30M – BUYThe pair jumps from the descending trendline up.
An ascent up to the next resistance at 1.09806 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.09606 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.097385 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.09806 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10364 |
| 2nd High | 1.09968 |
| Next High | 1.09806 |
| Current Price | 1.09663 |
| Next Low | 1.09606 |
| 2nd Low | 1.09541 |
| 3rd Low | 1.09509 |