EUR/USD – 1H – SELLThe currency pair moves from the bullish trendline downwards
A bearish descent down to the next support line at 1.10725 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.11373 is within the realm of possibility.
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 | 1.11373 |
| Current Price | 1.11342 |
| Next Low | 1.10725 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |