EUR/USD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.08109 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.08732 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09165 |
| 2nd High | 1.09014 |
| Next High | 1.08732 |
| Current Price | 1.08360 |
| Next Low | 1.08109 |
| 2nd Low | |
| 3rd Low |