EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) jumps from the ascending trendline down.
A descending movement down to the next support level at 1.04252 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.05299 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.05117436 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.05299 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05545 |
| 2nd High | 1.05444 |
| Next High | 1.05299 |
| Current Price | 1.05018 |
| Next Low | 1.04252 |
| 2nd Low | 1.03918 |
| 3rd Low | 1.03328 |