The pair Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 1.13862 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.14388 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.13863106 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 1.14388 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15469 |
| 2nd High | 1.14947 |
| Next High | 1.14388 |
| Current Price | 1.13952 |
| Next Low | 1.13862 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.14388 – 1.14947 – 1.14345 – 1.13862 – 1.13713 – 1.14042