EUR/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.09259 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.09535 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09806 |
| 2nd High | 1.09546 |
| Next High | 1.09535 |
| Current Price | 1.09432 |
| Next Low | 1.09259 |
| 2nd Low | 1.09000 |
| 3rd Low | 1.08817 |