EUR/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.07123 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.08243 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09535 |
| 2nd High | 1.09367 |
| Next High | 1.08243 |
| Current Price | 1.07901 |
| Next Low | 1.07123 |
| 2nd Low | 1.06821 |
| 3rd Low |