EUR/USD – 30M – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.04853 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.05124 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05340 |
| 2nd High | 1.05155 |
| Next High | 1.05124 |
| Current Price | 1.03771 |
| Next Low | 1.04853 |
| 2nd Low | 1.04794 |
| 3rd Low | 1.04744 |