EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.03832 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.04049 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04175 |
| 2nd High | 1.04095 |
| Next High | 1.04049 |
| Current Price | 1.03993 |
| Next Low | 1.03832 |
| 2nd Low | 1.03430 |
| 3rd Low | 1.03328 |