EUR/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 1.07818 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.08392 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08714 |
| 2nd High | 1.08589 |
| Next High | 1.08392 |
| Current Price | 1.08129 |
| Next Low | 1.07818 |
| 2nd Low | 1.07705 |
| 3rd Low | 1.07609 |