EUR/USD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.09136 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.09457 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.09358 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.09457 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09968 |
| 2nd High | 1.09806 |
| Next High | 1.09457 |
| Current Price | 1.09313 |
| Next Low | 1.09136 |
| 2nd Low | 1.09102 |
| 3rd Low | 1.09090 |