EUR/USD – 1H – BUYThe pair breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.12136 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.11213 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.11827784 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.12136 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.12136 |
| Current Price | 1.11825 |
| Next Low | 1.11213 |
| 2nd Low | 1.11032 |
| 3rd Low | 1.10830 |