EUR/USD – 30M – SELLThe currency pair jumps from the ascending trendline down.
A descending movement down to the next support level at 1.11152 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.11301 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.11285 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.11301 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11551 |
| 2nd High | 1.11461 |
| Next High | 1.11301 |
| Current Price | 1.11257 |
| Next Low | 1.11152 |
| 2nd Low | 1.11109 |
| 3rd Low | 1.10725 |