EUR/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 1.09363 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.08881 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.09137532 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.09363 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09363 |
| Current Price | 1.08918 |
| Next Low | 1.08881 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |