EUR/USD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.13863106 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.14388 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15469 |
| 2nd High | 1.14947 |
| Next High | 1.14388 |
| Current Price | 1.14182 |
| Next Low | 1.13713 |
| 2nd Low | 1.13568 |
| 3rd Low | 1.13122 |
1.14388 – 1.14947 – 1.14345 – 1.13713 – 1.14042 – 1.13568