EUR/USD – 30M – BUYThe pair jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 1.11889 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.11256 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.11584 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.11889 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.11889 |
| Current Price | 1.11368 |
| Next Low | 1.11256 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |