EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 1.04806 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.05349 should always be considered.
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 | 1.04935 |
| Next Low | 1.04806 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |