EUR/USD – 4H – SELLThe pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.04721 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.05969 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09367 |
| 2nd High | 1.06094 |
| Next High | 1.05969 |
| Current Price | 1.05505 |
| Next Low | 1.04721 |
| 2nd Low | 1.04604 |
| 3rd Low | 1.03328 |