The combination moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.09541 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.10364 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.10468 |
2nd High | 1.10393 |
Next High | 1.10364 |
Current Price | 1.09690 |
Next Low | 1.09541 |
2nd Low | 1.09509 |
3rd Low | 1.09494 |