EUR/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 1.09363 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.08881 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09546 |
| 2nd High | 1.09535 |
| Next High | 1.09363 |
| Current Price | 1.09099 |
| Next Low | 1.08881 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07778 |