EUR/USD – 30M – BUYThe pair breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 1.08259 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.07688 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.08241344 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.08259 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08392 |
| 2nd High | 1.08272 |
| Next High | 1.08259 |
| Current Price | 1.08052 |
| Next Low | 1.07688 |
| 2nd Low | 1.07609 |
| 3rd Low |