There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62802 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.63174 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.63174 |
| Current Price | 1.62648 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.63174 – 1.62815 – 1.62873 – 1.6243 – 1.62674 – 1.62507 —
1.62585 – 1.62622 —
44.135219387772 – 52.305445673999 —
– —
1.63174 – 1764855000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –