EUR/USD – 30M – SELLThe currency pair moves from the bullish trendline downwards
A bearish trend down to the next support level at 1.08316 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.09142 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.08947064 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.09142 could happen.
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 | 1.09142 |
| Current Price | 1.08363 |
| Next Low | 1.08316 |
| 2nd Low | 1.07688 |
| 3rd Low | 1.07609 |