EUR/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.10281 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.10492 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10908 |
| 2nd High | 1.10533 |
| Next High | 1.10492 |
| Current Price | 1.10244 |
| Next Low | 1.09830 |
| 2nd Low | 1.09697 |
| 3rd Low | 1.09494 |