EUR/USD – 30M – SELLThe combination Euro/US Dollar (EUR/USD) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.03430 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.04241 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.03713 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.04241 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.05124 |
| 2nd High | 1.04580 |
| Next High | 1.04241 |
| Current Price | 1.03522 |
| Next Low | 1.03430 |
| 2nd Low | 1.03328 |
| 3rd Low |