EUR/USD – 4H – SELLThe pair Euro/US Dollar (EUR/USD) moves from the ascending trendline downwards
A descending movement downwards to the next support level at is certain.
Caution: A possible change in the direction of the resistance level at 1.15730 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.117545 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 1.15730 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.15730 |
| Current Price | 1.13346 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.15730 – 1.14125 – 1.14734 – 1.13077 – 1.12637 – 1.08801