EUR/USD – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.11247 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.11889 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.11268256 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 1.11889 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.11889 |
| Current Price | 1.11515 |
| Next Low | 1.11247 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |