EUR/USD – 1H – SELLThe pair Euro/US Dollar (EUR/USD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.13862 is expected.
Caution: A possible change in the direction of the resistance zone at 1.14388 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘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 expected. Target of the current trend is 1.13863106 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.14388 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| 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