Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 2.2477 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.329300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.359300000 |
| 2nd High | 2.354300000 |
| Next High | 2.329300000 |
| Current Price | 2.282400000 |
| Next Low | 2.273100000 |
| 2nd Low | 2.222300000 |
| 3rd Low | 2.166100000 |
2.329300000 – 2.298800000 – 2.224800000 – 2.273100000 – 2.222300000 – 2.166100000