EUR/USD – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.11213 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.12136 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.12136 |
| Current Price | 1.11508 |
| Next Low | 1.11213 |
| 2nd Low | 1.11032 |
| 3rd Low | 1.10830 |