EUR/USD – 1H – SELLThe combination moves from the ascending trendline down.
The bearish trend down to the next support level at 1.11032 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.11669 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.11887 |
| 2nd High | 1.11816 |
| Next High | 1.11669 |
| Current Price | 1.11953 |
| Next Low | 1.11032 |
| 2nd Low | 1.10830 |
| 3rd Low | 1.10684 |