EUR/USD – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.08845 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.09363 could be enabled.
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 | 1.08892 |
| Next Low | 1.08845 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |