EUR/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.0882033 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.08714 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09014 |
| 2nd High | 1.08732 |
| Next High | 1.08714 |
| Current Price | 1.08570 |
| Next Low | 1.08338 |
| 2nd Low | 1.08109 |
| 3rd Low |