EUR/USD – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.09000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.09523 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.09128856 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.09523 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09523 |
| Current Price | 1.09236 |
| Next Low | 1.09000 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07816 |