EUR/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.104814 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.10492 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.10492 |
| Current Price | 1.10182 |
| Next Low | 1.10151 |
| 2nd Low | 1.09494 |
| 3rd Low | 1.09136 |