EUR/USD – 1H – SELLBesides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.161825 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.16816 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17587 |
| 2nd High | 1.17281 |
| Next High | 1.16816 |
| Current Price | 1.16485 |
| Next Low | 1.15908 |
| 2nd Low | 1.1589 |
| 3rd Low | 1.15549 |
1.16816 – 1.16773 – 1.1652 – 1.15908 – 1.1589 – 1.15549 —
1.16595 – 1.16533 —
44.575238493674 – 47.65273886023 —
– —
1.16816 – 1764842400
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –