EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.05873 is likely expected.
Caution: A possible trend reversal in the direction of support at 1.05275 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.05873 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.05873 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06542 |
| 2nd High | 1.06094 |
| Next High | 1.05873 |
| Current Price | 1.05598 |
| Next Low | 1.05275 |
| 2nd Low | 1.04571 |
| 3rd Low | 1.04252 |