EUR/USD – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.07705 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.08392 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.07776562 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 1.08392 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08714 |
| 2nd High | 1.08589 |
| Next High | 1.08392 |
| Current Price | 1.07949 |
| Next Low | 1.07705 |
| 2nd Low | 1.07609 |
| 3rd Low |