EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 1.18377 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.17797 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.182325 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.18377 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.19543 |
| 2nd High | 1.18709 |
| Next High | 1.18377 |
| Current Price | 1.18004 |
| Next Low | 1.17797 |
| 2nd Low | 1.17756 |
| 3rd Low | 1.17279 |
1.18377 – 1.18284 – 1.18241 – 1.17797 – 1.17756 – 1.18407 —
1.18253 – 1.18091 —
41.607641282755 – 40.236769152779 —
– —
1.18377 – 1770199200
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –