The pair moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.530700000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.544500000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.540134 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.544500000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.634200000 |
2nd High | 0.627400000 |
Next High | 0.544500000 |
Current Price | 0.539100000 |
Next Low | 0.530700000 |
2nd Low | 0.529500000 |
3rd Low | 0.528400000 |