EUR/USD – 30M – SELLThe currency pair moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.07818 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.08259 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.07852018 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.08259 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08392 |
| 2nd High | 1.08272 |
| Next High | 1.08259 |
| Current Price | 1.07875 |
| Next Low | 1.07818 |
| 2nd Low | 1.07705 |
| 3rd Low | 1.07609 |