EUR/USD – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.09150 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.09523 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09523 |
| Current Price | 1.09247 |
| Next Low | 1.09150 |
| 2nd Low | 1.09000 |
| 3rd Low | 1.08817 |