EUR/USD – 30M – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.05444 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.04621 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.05444 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05545 |
| Next High | 1.05444 |
| Current Price | 1.04437 |
| Next Low | |
| 2nd Low | |
| 3rd Low |