EUR/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.10379788 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.11551 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12012 |
| 2nd High | 1.11902 |
| Next High | 1.11551 |
| Current Price | 1.10741 |
| Next Low | 1.10053 |
| 2nd Low | 1.10018 |
| 3rd Low | 1.09494 |