EUR/USD – 4H – SELLThe combination Euro/US Dollar (EUR/USD) goes from the ascending trendline down.
The bearish trend downwards to the next support at 1.13713 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.16311 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.16311 |
| Current Price | 1.15796 |
| Next Low | 1.13713 |
| 2nd Low | 1.13568 |
| 3rd Low | 1.12099 |
1.16311 – 1.14947 – 1.14542 – 1.13713 – 1.13568 – 1.12099