EUR/USD – 1H – BUYThe pair goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 1.08272 will continue.
Caution: A possible trend reversal in the direction of support at 1.07818 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.080005 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.08272 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 | 1.08392 |
| Next High | 1.08272 |
| Current Price | 1.08001 |
| Next Low | 1.07818 |
| 2nd Low | 1.07705 |
| 3rd Low | 1.07609 |