EUR/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.07980324 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.09054 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09363 |
| 2nd High | 1.09165 |
| Next High | 1.09054 |
| Current Price | 1.08356 |
| Next Low | 1.07688 |
| 2nd Low | 1.07609 |
| 3rd Low |