EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.05232 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.06094 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.056265 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.06094 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.06094 |
| Current Price | 1.05837 |
| Next Low | 1.05232 |
| 2nd Low | 1.05159 |
| 3rd Low | 1.05118 |