EUR/USD – 1H – SELLThe pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 1.08881 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.09363 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.08881 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.09363 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09363 |
| Current Price | 1.09008 |
| Next Low | 1.08881 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |