EUR/USD – 1H – SELLThe combination Euro/US Dollar (EUR/USD) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.04803 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.05305 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05677 |
| 2nd High | 1.05390 |
| Next High | 1.05305 |
| Current Price | 1.04903 |
| Next Low | 1.04803 |
| 2nd Low | 1.04721 |
| 3rd Low | 1.04604 |