EUR/USD – 1H – SELLThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.03430 will continue.
Caution: A possible change in the direction of the resistance line at 1.05124 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.0388076 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.05124 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05340 |
| 2nd High | 1.05155 |
| Next High | 1.05124 |
| Current Price | 1.04317 |
| Next Low | 1.03430 |
| 2nd Low | 1.03328 |
| 3rd Low |