EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 1.05340 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.04744 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05677 |
| 2nd High | 1.05390 |
| Next High | 1.05340 |
| Current Price | 1.04910 |
| Next Low | 1.04744 |
| 2nd Low | 1.04532 |
| 3rd Low | 1.04252 |