EUR/USD – 1H – BUYThe combination breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 1.08392 is expected.
Caution: A possible counter-trend in the direction of the support line at 1.07818 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08732 |
| 2nd High | 1.08714 |
| Next High | 1.08392 |
| Current Price | 1.08238 |
| Next Low | 1.07818 |
| 2nd Low | 1.07705 |
| 3rd Low | 1.07609 |