EUR/USD – 1H – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.04721 is certain.
Caution: A possible change in the direction of the resistance level at 1.06297 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06628 |
| 2nd High | 1.06542 |
| Next High | 1.06297 |
| Current Price | 1.05654 |
| Next Low | 1.04721 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |