EUR/USD – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the bearish trend down to the next support at is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.08377 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.08108 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.08377 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08732 |
| 2nd High | 1.08714 |
| Next High | 1.08377 |
| Current Price | 1.08025 |
| Next Low | |
| 2nd Low | |
| 3rd Low |