EUR/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 1.11889 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.11247 is also possible.
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 persist. Target of the current trend is 1.11875456 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.11889 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.11889 |
| Current Price | 1.11673 |
| Next Low | 1.11247 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |