EUR/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.08207212 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.08259 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08392 |
| 2nd High | 1.08272 |
| Next High | 1.08259 |
| Current Price | 1.08130 |
| Next Low | 1.07818 |
| 2nd Low | 1.07705 |
| 3rd Low | 1.07609 |