EUR/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.0871298 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.09054 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09363 |
| 2nd High | 1.09165 |
| Next High | 1.09054 |
| Current Price | 1.08805 |
| Next Low | 1.07688 |
| 2nd Low | 1.07609 |
| 3rd Low |