EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 1.05349 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.04806 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05842 |
| 2nd High | 1.05382 |
| Next High | 1.05349 |
| Current Price | 1.05148 |
| Next Low | 1.04806 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |