EUR/USD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.05946 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.06628 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.07971 |
| 2nd High | 1.07275 |
| Next High | 1.06628 |
| Current Price | 1.06130 |
| Next Low | 1.05946 |
| 2nd Low | |
| 3rd Low |