EUR/USD – 1H – SELLThe combination goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.08881 is certain.
Caution: A possible change in the direction of the resistance line at 1.09363 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.08881 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.09363 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09363 |
| Current Price | 1.09025 |
| Next Low | 1.08881 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |