EUR/USD – 1H – BUYThe currency pair jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 1.11461 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.11109 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.11461 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.11461 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11551 |
| Next High | 1.11461 |
| Current Price | 1.11164 |
| Next Low | 1.11109 |
| 2nd Low | 1.10725 |
| 3rd Low | 1.10053 |