EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) moves from the bullish trendline down.
A descending movement downwards to the next support at 1.18952 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.20821 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.1876 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.20821 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.20821 |
| Current Price | 1.19680 |
| Next Low | 1.18952 |
| 2nd Low | 1.185 |
| 3rd Low | 1.18345 |
1.20821 – 1.19065 – 1.18972 – 1.18952 – 1.185 – 1.18345 —
1.19806 – 1.19886 —
57.580349959525 – 56.588420212743 —
– —
1.20821 – 1769551200
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –