EUR/USD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 1.09546 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.09000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.09682 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.09546 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10364 |
| 2nd High | 1.09968 |
| Next High | 1.09546 |
| Current Price | 1.09380 |
| Next Low | 1.09000 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |