EUR/USD – 1H – SELL
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.10379788 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.11551 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.12012 |
2nd High | 1.11902 |
Next High | 1.11551 |
Current Price | 1.10741 |
Next Low | 1.10053 |
2nd Low | 1.10018 |
3rd Low | 1.09494 |