EUR/USD – 1H – SELLThe currency pair jumps from the ascending trendline down.
A descent down to the next support line at 1.08721 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.09142 should always be considered.
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 | 1.09142 |
| Current Price | 1.08363 |
| Next Low | 1.08721 |
| 2nd Low | 1.08316 |
| 3rd Low | 1.07688 |