EUR/USD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 1.08845 is certain.
Caution: A possible change in the direction of the resistance zone at 1.09101 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.08845 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.09101 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09523 |
| 2nd High | 1.09363 |
| Next High | 1.09101 |
| Current Price | 1.08892 |
| Next Low | 1.08845 |
| 2nd Low | 1.08817 |
| 3rd Low | 1.07816 |