EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.0888 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.08880 should always be considered.
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 | 1.09165 |
| 2nd High | 1.09014 |
| Next High | 1.08880 |
| Current Price | 1.08665 |
| Next Low | 1.07688 |
| 2nd Low | 1.07609 |
| 3rd Low |