EUR/USD – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.08338 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.08732 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.08358216 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.08732 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09165 |
| 2nd High | 1.09014 |
| Next High | 1.08732 |
| Current Price | 1.08616 |
| Next Low | 1.08338 |
| 2nd Low | 1.08109 |
| 3rd Low |