EUR/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 1.08063 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.07609 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.081705 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.08063 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08714 |
| 2nd High | 1.08377 |
| Next High | 1.08063 |
| Current Price | 1.08027 |
| Next Low | 1.07609 |
| 2nd Low | |
| 3rd Low |