EUR/USD – 1H – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.07705 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.08296 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08714 |
| 2nd High | 1.08377 |
| Next High | 1.08296 |
| Current Price | 1.08153 |
| Next Low | 1.07705 |
| 2nd Low | 1.07609 |
| 3rd Low |