EUR/USD – 1H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.08109 will persist.
Caution: A possible change in the direction of the resistance level at 1.08714 could be enabled.
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 will persist. Target of the current trend is 1.08109 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.08714 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09014 |
| 2nd High | 1.08732 |
| Next High | 1.08714 |
| Current Price | 1.08198 |
| Next Low | 1.08109 |
| 2nd Low | |
| 3rd Low |