The pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.05873 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.05475 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.06542 |
2nd High | 1.06094 |
Next High | 1.05873 |
Current Price | 1.05798 |
Next Low | 1.05475 |
2nd Low | 1.05275 |
3rd Low | 1.04744 |