The currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.185 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.19543 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1996 |
| 2nd High | 1.19741 |
| Next High | 1.19543 |
| Current Price | 1.18617 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.17279 |
1.19543 – 1.19741 – 1.19721 – 1.18979 – 1.18946 – 1.18952 —
1.18600 – 1.18743 —
30.594441617732 – 46.924698937166 —
– —
1.19543 – 1769781600
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –