EUR/USD – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 1.10325 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.10825 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12086 |
| 2nd High | 1.11438 |
| Next High | 1.10825 |
| Current Price | 1.10475 |
| Next Low | 1.10325 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |