EUR/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.0786978 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.08296 should always be considered.
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 | 1.08048 |
| Next Low | 1.07705 |
| 2nd Low | 1.07609 |
| 3rd Low |