EUR/USD – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 1.08095 is certain.
Caution: A possible change in the direction of the resistance zone at 1.08189 is within the realm of possibility.
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 | 1.08189 |
| Current Price | 1.08068 |
| Next Low | 1.08095 |
| 2nd Low | 1.07818 |
| 3rd Low | 1.07705 |