EUR/USD – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 1.10684 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.11887 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.1097 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.11887 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12012 |
| 2nd High | 1.11902 |
| Next High | 1.11887 |
| Current Price | 1.11218 |
| Next Low | 1.10684 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |