EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) moves from the ascending trendline down.
A bearish movement down to the next support line at 1.04485 will continue.
Caution: A possible change in the direction of the resistance line at 1.05011 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.044365 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.05011 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05545 |
| 2nd High | 1.05444 |
| Next High | 1.05011 |
| Current Price | 1.04848 |
| Next Low | 1.04485 |
| 2nd Low | 1.03918 |
| 3rd Low | 1.03328 |