EUR/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 1.09968 will continue.
Caution: A possible counter-trend in the direction of support at 1.09606 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.10393 |
| 2nd High | 1.10364 |
| Next High | 1.09968 |
| Current Price | 1.09663 |
| Next Low | 1.09606 |
| 2nd Low | 1.09541 |
| 3rd Low | 1.09509 |