EUR/USD – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish movement up to the next resistance line at 1.08063 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.07609 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.081615 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.08063 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08589 |
| 2nd High | 1.08377 |
| Next High | 1.08063 |
| Current Price | 1.07995 |
| Next Low | 1.07609 |
| 2nd Low | |
| 3rd Low |