EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.04532 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.05241 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.0480222 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.05241 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05390 |
| 2nd High | 1.05305 |
| Next High | 1.05241 |
| Current Price | 1.04903 |
| Next Low | 1.04532 |
| 2nd Low | 1.04252 |
| 3rd Low | 1.03328 |