EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.04961 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.05821 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.05821 |
| Current Price | 1.05273 |
| Next Low | 1.04961 |
| 2nd Low | |
| 3rd Low |