EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 1.05349 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.04806 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.0527 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.05349 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05842 |
| 2nd High | 1.05382 |
| Next High | 1.05349 |
| Current Price | 1.05294 |
| Next Low | 1.04806 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |