EUR/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascent up to the next resistance line at 1.11785 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.10684 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11902 |
| 2nd High | 1.11887 |
| Next High | 1.11785 |
| Current Price | 1.11740 |
| Next Low | 1.10684 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |