EUR/USD – 1H – BUYThe combination moves from the bearish trendline upwards
The bullish trend upwards to the next resistance line at 1.12086 is certain.
Caution: A possible change in the direction of the support zone at 1.11247 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.11584 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.12086 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.12136 |
| Next High | 1.12086 |
| Current Price | 1.11350 |
| Next Low | 1.11247 |
| 2nd Low | 1.11213 |
| 3rd Low | 1.11032 |