EUR/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.05577068 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.05842 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05969 |
| Next High | 1.05842 |
| Current Price | 1.05719 |
| Next Low | 1.04721 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |