EUR/USD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.08109 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.08714 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09014 |
| 2nd High | 1.08732 |
| Next High | 1.08714 |
| Current Price | 1.08150 |
| Next Low | 1.08109 |
| 2nd Low | |
| 3rd Low |