EUR/USD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.05203462 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.06094 should be noted.
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 | 1.05462 |
| Next Low | 1.05064 |
| 2nd Low | 1.04961 |
| 3rd Low |