EUR/USD – 30M – BUYThe combination breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 1.09014 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.08529 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.08679096 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.09014 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09363 |
| 2nd High | 1.09165 |
| Next High | 1.09014 |
| Current Price | 1.08543 |
| Next Low | 1.08529 |
| 2nd Low | |
| 3rd Low |