EUR/USD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement down to the next support at 1.10082 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.10393 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10825 |
| 2nd High | 1.10468 |
| Next High | 1.10393 |
| Current Price | 1.10278 |
| Next Low | 1.10082 |
| 2nd Low | 1.10053 |
| 3rd Low | 1.10018 |