EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 1.03443 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.03752 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.03439 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.03752 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.04580 |
| 2nd High | 1.04241 |
| Next High | 1.03752 |
| Current Price | 1.03516 |
| Next Low | 1.03443 |
| 2nd Low | 1.03439 |
| 3rd Low | 1.03430 |