EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 1.04721 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.05677 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.05318 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.05677 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06297 |
| 2nd High | 1.05940 |
| Next High | 1.05677 |
| Current Price | 1.05023 |
| Next Low | 1.04721 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.04571 |