EUR/USD – 1H – BUYThe pair jumps from the descending trendline upwards
A bullish trend up to the next resistance level at 1.09165 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.08817 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.08989044 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.09165 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09535 |
| 2nd High | 1.09363 |
| Next High | 1.09165 |
| Current Price | 1.08828 |
| Next Low | 1.08817 |
| 2nd Low | 1.07778 |
| 3rd Low |