EUR/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.08108 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.08714 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09014 |
| 2nd High | 1.08732 |
| Next High | 1.08714 |
| Current Price | 1.08158 |
| Next Low | 1.08108 |
| 2nd Low | |
| 3rd Low |