EUR/USD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.08487 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.09014 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09363 |
| 2nd High | 1.09165 |
| Next High | 1.09014 |
| Current Price | 1.08249 |
| Next Low | 1.08487 |
| 2nd Low | |
| 3rd Low |