EUR/USD – 1H – SELLThe currency pair goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.10454 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.10825 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.12086 |
| 2nd High | 1.11438 |
| Next High | 1.10825 |
| Current Price | 1.10455 |
| Next Low | 1.10454 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |