EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 1.05502 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 1.05159 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.05925 |
| Next High | 1.05502 |
| Current Price | 1.05531 |
| Next Low | 1.05159 |
| 2nd Low | 1.05118 |
| 3rd Low | 1.04961 |