EUR/USD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.11256 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.11889 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.11889 |
| Current Price | 1.11504 |
| Next Low | 1.11256 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |